Resource Distribution - International Trade

International Trade

The growth of international trade is an aspect of globalization in the later 20th Century (see OECD), which has affected international relations. Increased international trade from removing trade barriers has narrowed income distribution among some nation states. Many wealthier countries export non-land-intensive goods and services in return for agricultural and animal products, as illustrated by Japan.

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Famous quotes containing the word trade:

    “We are the trade union for pensioners and children, the trade union for the disabled and the sick ... the trade union for the nation as a whole.”
    —Edward Heath (b. 1916)