Explain the importance of study of international economics
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international trade between different countries is an important factor in raising living standards providing employment and enabling consumers to enjoy a greater variety of goods .
international trade has observed since the earliest civilizations begins trading but in recent years international trade has become increasingly important with a largest share of GDP devoted to export and import .
why bank starts show how world exports as a percent of GDP increased from 12 % in 1962 around 30% in 2015 with an increase important of spread their also been growing concerns about the potential negative effects of trade in particular the unbalanced this benefit with some losing out despite overall net game .
importance of trade make use of imprudent raw materials comparative advantage choice specialisation and economic of scale service scator tradepink blocks .
international trade has observed since the earliest civilizations begins trading but in recent years international trade has become increasingly important with a largest share of GDP devoted to export and import .
why bank starts show how world exports as a percent of GDP increased from 12 % in 1962 around 30% in 2015 with an increase important of spread their also been growing concerns about the potential negative effects of trade in particular the unbalanced this benefit with some losing out despite overall net game .
importance of trade make use of imprudent raw materials comparative advantage choice specialisation and economic of scale service scator tradepink blocks .
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