\'International trade' is defined as trade between two or more partners from different countries (an exporter and an importer). Early international trade consisted mostly of barter transactions.
International trade is also a branch of economics. Traditionally, international trade is justified in economics by comparative advantage theory. New developments include in patterns of international trade: the integration of countries into trade blocs (e.g., European Union, NAFTA, EFTA, CEFTA) and globalisation.
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2 Risks in international trade
Trade related concepts
Risks in international trade
The risks that exist in international trade can be divided into two major groups:
See also: OPEC, World Trade Organisation, Business, Economics, Trade bloc, List of international trade topics