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:

    “The glory of the farmer is that, in the division of labors, it is his part to create. All trade rests at last on his primitive activity.”
    —Ralph Waldo Emerson (1803–1882)