INTERNATIONAL TRADE

International Trade

International Trade

1. When is international trade an opportunity for workers?

International trade is a good source of revenue for a country. International trade can come as a good opportunity for workers since it allows production of goods that will otherwise be poor consumed or paid locally. Similarly, workers producing goods for international trade will have employment (Hoekman, 2001). This of course works under the assumption that the workers produce goods at a lower cost. Beside the economic benefit to workers engaged in goods meant for trade, a large number of workforce gets employed indirectly in commercial activities like ...