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14y ago

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What countries owe each other money?

International trade is so massive and complex that every country owes at least one other country money. Some countries (like America) owe more to other countries than others (China owes very little to other countries due to their massive amount of exports). The best way to figure this out is to look at the balance of trade for each country and then find a breakdown of who that country imports and exports to.


Foreign trade is necessary for any country to survive?

Foreign trade is important but not necessary for a country to survive. Some countries can be self-sufficient, especially if they are not consumerist countries.


Why does people trade?

People trade internationally with other countries to import products Australians need but can't be obtained in Australia. Trading with other countries can improve relationships with another country. And some items have more quality and cost less.


Why do people in other countries want to buy your products?

Your products might be very scarce in their country, or not available at all. Some countries literally trade technology for fresh water.


Does the rise and fall of one country effect other countries around the world?

Yes. Countries are interdependent on one another and lots of things happening in one country affects many other countries. So when a country rises or falls, it will affect other countries. A country may be overtaken by a rising country or may get free of a falling country. Trade may grow with a rising country, but fall with a falling country, and so affect the economy of many countries. The culture of strong countries can spread into other countries as it becomes stronger. A rising country may gain more influence and help some countries. If a powerful country falls, its friends lose some of their influence and support. So, yes the rise and fall of countries do affect other countries for many reasons and in many ways.


What are some countries in Sweden?

Sweden is itself a country. There are no other countries in it.


What are some ways which caricom countries help each other?

They help trade


Why do EU countries mostly trade with other EU countries?

Although it doesn't make sense since they're both EU countries... They trade in some parts they trade with other countries, like US or SA ... And so when they get those things they trade with other parts of EU. In other words, they gain new things other parts don't have. So they pretty much trade.


Why do counties trade with each other?

Countries trade with each other because they don't have some of the natural resources that they want.


Reasons why countries trade?

Countries trade in order to maximize their products and production. By specializing in only some of their products a country can use the limited resources in the world more efficiently!


Why is Switzerland developed though its landlocked?

Being landlocked is no hinderence to being a developed country. You could claim it is an advantage. A land-locked country is surrounded on all 4 sides with other countries with which it can trade. A coastal countries only has trade partners on some sides. A coastal country needs ships and ports to trade. In former times, before railways, sea and river trade was faster and cheaper than overland. This is no longer the case.


What were the reasons people wished to trade with other countries?

This is because some countries have or had goods that in other countries were hard to come by, so countries traded for maximum satifaction.