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While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade.
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.
The International Trade Centre ITC is the joint agency of the World Trade Organization and the United Nations The U.S. Government's export promotion and finance portal Archived 2006-12-28 at the Wayback Machine A government resource for U.S. exporters
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance have increased in recent centuries, mainly because of Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing. [citation needed]
Trade can be a key factor in economic development.The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. . Trade has been touted as an important tool in the path to development by prominent econom
The economic theory of international trade differs from the remainder of economic theory mainly because of the comparatively limited international mobility of the capital and labour. [6] In that respect, it would appear to differ in degree rather than in principle from the trade between remote regions in one country.
Hellner, Jan, 'The UN Convention on International Sales of Goods – An Outsider's View' in Erik Jayme (ed) Ius Inter Nationes: Festschrift fur Stefan Riesenfeld (1983) 72. Kastely, Amy, 'Unification and Community: A Rhetorical Analysis of the United Nations Sales Convention' (1988) 8 Northwestern Journal of International Law and Business 574.