What are the factors of offecting international trade?

Answer 1

Need and caring.

If you need it from abroad and you have something to offer for it you have international trade influenced by need.

If you care about lives abroad and have the capacity to bring something to them, usually in exchange for something later down the line (to impart responsibility) you have international trade influenced by caring.

Answer 2

A wide range of political, economic, and practical factors can affect the growth of international trade. Many nations have a variety of legal regulations to which businesses must conform before engaging in trade internationally, and some nations even have economic policies that strongly discourage it in favor of a more internally-focused economy. Practical concerns include the availability of resources and the ability to produce products or materials that are desirable on a global level. Communication is also important, as technology such as the internet now allows for nearly-instantaneous communication around the world, thereby allowing businesses to market their products and services globally with relative ease.

Political policies and other government concerns, such as the relationships between trading nations, are highly important to the growth of international trade. A politically stable nation with few policies restricting international trade will likely be able to expand its worldwide traderapidly. Political instability, however, particularly when it leads to violence, can be a major barrier to trade growth - many nations place steep tariffs on exports or imports from certain nations or industries for such reasons. While such tariffs can be used to protect fledgling industries or to place political pressure on some nations, their overall effect on internationaltrade is often negative.

Answer 3

A factor that encourages international trade is customs unions an example of this is the european union who has joined 27 countries together so that they do not have to pay any tariffs etc therefore they can trade freely without (in simple terms borders).

Answer 4

In addition to feeling the impact of trade agreements and trade organizations per se, international trade is affected more indirectly by the financial stability and general economic well-being of all countries

Answer 5

Some examples of factors that can influence a country's balance of trade are the cost of production, the cost and availability of raw materials and the prices of goods manufactured at home. Balance of trade can also be influenced by lack of foreign currency.

Answer 6

political instability and poor leadership skills

Answer 7

want to know the impact of international factors on busineses