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International trade is an exchange of capital, goods, and services across international borders. In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing all have a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders. This book provides an introduction to international trade the World Trade Organization, the World Bank Group, ASEAN, and ACU.
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