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:

    Until the end of the Middle Ages, and in many cases afterwards too, in order to obtain initiation in a trade of any sort whatever—whether that of courtier, soldier, administrator, merchant or workman—a boy did not amass the knowledge necessary to ply that trade before entering it, but threw himself into it; he then acquired the necessary knowledge.
    Philippe Ariés (20th century)