Sabtu, 07 Desember 2019

INTERNATIONAL TRADE PAPER (Mahyudin Binol_Preliminary)


CHAPTER I
PRELIMINARY
A. Background
International economics is economics that discusses the effects of interdependence between countries in the world, both in terms of international trade and international credit markets. United States energy sources, for example, are very dependent on foreign producers, while Japan imports almost half of the food consumed by its population. On the other hand, developing countries need technology that is developed and produced by industrial countries. In the long run, the pattern of international trade is determined by the principles of comparative advantage, from this aspect I take the theme of the influence of international trade on the domestic economy. We, as a developing country, are very concerned about the welfare of the people and the State compared to the environment, therefore international trade in the field of exports and imports, for example, greatly affects the economy of our country. Why is that because we know that taxes or customs in carrying out export and import transaction activities are very large compared to other countries' income, it is very supportive of domestic prosperity.
In my opinion the effect of international trade on the domestic economy is very influential, why? Because international trade is very common among several countries including our country, as has been stated above international trade is very supportive of domestic welfare.
Therefore, our country must establish good relations with other developing countries to increase the country's confidence in establishing cooperation, especially in the field of trade, especially any import-export which is beneficial and useful to us, and beneficial to both parties.
The effect of international trade is felt on prices, national income, and the level of employment opportunities of countries involved in international trade.

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