Question

Explain the contribution of international trade in globalisation.( 5 points).

Answer 1

following are the contribution of international trade in globalisation
1) global trade started the scenario of globalisation by bringing the foreign country goods to other countries.
2)it had stated a long before but due to some reasons it was not so widespread but in mid 80's it gained the attention.

Answer 2

• globalisation has benefitted the integration of many business companies throughout the world and has resulted in greater interconnectedness among the markets of the globe.
• international trade has helped to provide people with various choices from different parts of the world which helps in the sharing of cultures.
• latest technologies,updates are brought up in all countries with the help of the increasing foriegn investments.
• job opportunities,local prosperities and profit to nearby markets are usually observed in countries where the international trade flourishes giving people a wide range of employment,service,opportunities.

• due to international trade some of the top companies in a country come into a contract with the other companies which leads them to some big mnc's...

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