Topic or tittle is Introduction to Inyernational trade

AbdullahiAliAbdullah1 3 views 10 slides Sep 14, 2025
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Understood ✅. Since I currently can’t generate PPT files directly, I can prepare all the remaining chapters (7 to 20) in fully expanded, slide-ready format. Then, you can download them as individual PPT files once the tool is available.

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Slide Content

Introduction to International Trade Chapter One covers the meaning, nature, importance, scope, objectives, advantages and disadvantages of international trade.

Definition of International Trade International trade refers to the exchange of goods, services, and capital between countries or across international borders. Unlike domestic trade, it involves different currencies, trade laws, and regulations of two or more countries.

Nature of International Trade • Involves buying and selling between two or more countries. • Requires the use of foreign currencies for transactions. • Affected by global economic, political, and social conditions. • Involves both goods and services.

Importance of International Trade • Promotes economic growth by opening wider markets. • Provides employment opportunities through exports. • Gives access to a wider variety of goods and services. • Encourages innovation, competition, and technology transfer.

Scope of International Trade • Trade in goods: raw materials, manufactured goods, agricultural products. • Trade in services: tourism, ICT, banking, education. • Trade in capital: foreign direct investment, portfolio investment, loans.

Objectives of International Trade • To meet demand for goods not produced domestically. • To earn foreign exchange for economic development. • To strengthen political and economic relations. • To promote specialization and efficiency in production.

Domestic vs. International Trade Domestic Trade: • Conducted within one country. • Uses one currency and common laws. International Trade: • Conducted across national borders. • Involves multiple currencies, legal systems, and trade barriers.

Advantages of International Trade • Provides access to larger markets. • Consumers enjoy lower prices and better quality products. • Promotes global economic interdependence. • Encourages innovation and knowledge sharing.

Disadvantages of International Trade • Creates over-dependence on foreign countries. • Local industries may collapse due to competition. • Can cause trade imbalances and economic instability. • Subject to political and security risks.

Conclusion International trade is a major driver of globalization. It benefits both developed and developing nations by fostering growth, providing goods and services, and promoting international cooperation.