How important is international trade?

Answer 1

International trade plays a crucial role in the development of the world economy. The participation of different countries in international trade helps to intensify production and deepen its specialisation. The use of equipment increases, mass production is organised, new machinery and modern technology are introduced, and exports increase if there is a demand on the market. In turn, the expansion of exports leads to an increase in employment.

Answer 2

International trade is important because they provide a plate form for doing business at international level.