"No country can survive without international trade in the present global world".Explain the statement.
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Today, the world is called a global village, thanks to faster communication, quicker and improved modes of travel, inter-continental trade and freer movement of people from one corner of the globe to another.
Each country is blessed with some resource or the other. For instance, petroleum in the Arabic region, Jute in Bangladesh and India, Coffee in African countries, Ruby in Myanmar, Gold and Diamond in South Africa and so on. Therefore, international trade is the only recourse left to countries to import products they do not have and export those products they have in excess or in abundance. Hence, in today's day and age, no country can survive without carrying out international trade.
Each country is blessed with some resource or the other. For instance, petroleum in the Arabic region, Jute in Bangladesh and India, Coffee in African countries, Ruby in Myanmar, Gold and Diamond in South Africa and so on. Therefore, international trade is the only recourse left to countries to import products they do not have and export those products they have in excess or in abundance. Hence, in today's day and age, no country can survive without carrying out international trade.
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=> As the resources are space bound,no country can survive without international trade.
=> Export and import are the components of trede.
=> International trade helps in exchange of surplus goods with those of deficit countries through foreign trade.
=> International trade helped india in increasing its productivity and improving quality of its products and then exporting the manufactured goods.
=> International trade had also helped india to import recent technology to improve its productivity and the quality of the product.
=> Government's policy of globalisation and liberalisation had helped four folds in making its place in the global world.
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=> Export and import are the components of trede.
=> International trade helps in exchange of surplus goods with those of deficit countries through foreign trade.
=> International trade helped india in increasing its productivity and improving quality of its products and then exporting the manufactured goods.
=> International trade had also helped india to import recent technology to improve its productivity and the quality of the product.
=> Government's policy of globalisation and liberalisation had helped four folds in making its place in the global world.
HOPE U ALL LIKE THIS ANSWER
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