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The Impact of International Trade

 

            
             The goal of international trade is trade goods and services between different countries. If anything at all, international trade increases economic growth and does not account for the major job loss domestically or internationally. Through efficiency, competition, and relationships international trade can increase economic growth and allow for all countries to benefit from it. .
             The Impact of International Trade.
             Introduction.
             The goal of international trade should not be to create jobs; it should be to create opportunities of global relationships through the import and export of goods and services. This should be the goal of international trade because essentially the definition of international trade is "the exchange of goods and services between countries" (Heakal, n. d.). However, many believe international trade causes job loss through outsourcing, instead of creating jobs. But statistics show that outsourcing is only responsible for less than 1% of gross job turnover per year (Fraser, Kane, & Schaefer, 2004). Countries trade because they either cannot produce certain goods or provide certain services, or they can produce certain goods and provide certain services (Reuvid & Sherlock, 2011). In a trade, both parties are benefiting; one party is getting something in exchange for another from the other party, and vice versa. Voluntary trade relations have positive sum scenarios, not zero sum scenarios (Gerber, 2013). International trade helps with gains from trade which is the "improvement of national welfare" (Gerber, 2013). Meaning, it is good for domestic and global economies; it contributes to the growth of economies through increased efficiency, improvement of competition, and through the relationships made through global economy. .
             Increased Efficiency.
             International trade allows for countries to use their resources, efficiently (Heakal, n. d.). Different countries have different specializations of products and services.


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