International Trade

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Written by:

David H


Date added:

October 7, 2013








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9 / 2510


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The economies of these countries are simply more powerful. The statistic demonstrates us that 5% of the Earth population own over 70% of the global wealth.[1] This way, the richer countries simply have the assets and profits to trade with, while the developing nations have little resources to use for these purposes...
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Transnational companies are known to generate almost 30% of the international trade volumes, due to their inner-company transactions. 80% of all the powerful TNC-s are based in the developed countries, thus generating the cash flow for national economies. 4. The economies of the developed countries are protected by various trade barriers, preventing less developing economies from participating in the trade equally...
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