Write a critique about the international global overview today - Essay Example

The international global overview today The international global overview today The exchange of economic products such as goods and services for monetary value is trading. The subsequent conduction of trade between and among nations constitutes to international trade or global trade. As such this involves the conduction of trading activities across international boundaries and constitutes to a good amount of the gross domestic product of a nation. This trading activity has been in occurrence for long years, and it depicts a lot of control on the social, economic, and political aspects of a nation.

Currently, international trade has evolved over the years from the conduct of physical face to face trade as the trans-Saharan trade, to online trading. Here, no physical contact is required, but just the use of middle men such as transport companies. This has further boosted trade at that time saved, and other positions were created such as the use of middle men, thus creating employment and further raising the living standards of a nation. International trade no longer is a global free market for conduct of business with influence from different nations.

Competition between countries in the international markets has become like competition between companies for benefits ad progress. Nations’ governments are continually influencing the nature of international business through cresting incentives and charges that influence the trade towards their sides for better benefits (peter, 2011). Through international trade, various aspects of the nation’s community in trade and development shaped such as industrialization and urbanization.

These aspects have continued to raise the living conditions of the inhabitants of a nation through the provision of quality and necessary goods and services. It is through the conduct of international trade that a nation is able to gain ground on the international market through obtaining enough international monetary value to offset its debts and invest within its boundaries and other national boundaries. Division of labor and specialization also encouraged the international trade through a nation specializing in what they produce or do best and obtain other necessities that they do not produce from others that specialize in them as what they produce or do best.

This increases production, encourages cross-sectional trade, provides multilevel employment opportunities preventing brain drain, and ensures for quality in production further strengthening the international and cultural relations. International relations cause cultural exchanges. This spreads the adverse aspects of various cultures such as online business conning, robberies that affect developments and trade relations. International debts largely acquired through the conduction of international trade, especially when the total rates of imports exceed the total rates of exports (Oscar, 2011).

Specialization and division of labor within a nation affects the total production, and satisfactions of the people’s want. This causes a fall in the economy, and living standards in case of interruptions in the cross boundary trading. Currently, various aspects of trade are employed in the conduct of international trade. The advertising and sales industry revolutionized simplifying the conduct and involvement of persons in such trading activities. Anyone can involve international trade, either buying or selling just by using the internet which has become a significant contribution to international, regional and local trade.

There has been the creation of associations that govern the conduct of such international trade and safeguards against the rights of the different trade parties: the sellers and buyers. Production as the mainstream of trade, energy production and its effects have become a significant issue. Nations try to reduce energy, and production costs, sometimes leading to adverse results such as climate change (Grant, 2007). References Grant, T. (2007). International business report: overview. Lonon:Grant Thorn international press. Peter, M. (2011).

Greening the economy: international business. United States council for international business journal. Oscar, A. (2001). The impact of international trade on economic development. International business journal.