Explain why the basis of world trade can be simply stated as the result of equalizing an imbalance in the needs and wants of society on one hand and its supply of goods on the other.
Trading goods between countries opens up the possibility for countries to specialize in what they are good at, without having to compromise on other products. Each country produces what they do best, and are able to profit the most from, while trading and import the goods that are costly for themselves to produce.
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Geography and History
- What is self reference criterion (SRC)?
- What are Hofstede's cultural dimensions?
- Is the global environment a global issue or a national one?
- Why are the 1990s called the "Decade of the Environment"?
- Do world trade routes bind the world together?
- How do differences in people constitute bases for trade?
- What are the marketing implications of rapidly growing vs stable population?
- How does the shift from rural to urban areas affect international marketing?
- What does it mean to examine the more complex effect on geography on general market characteristics, distribution systems and the state of the economy?
- Why study geography in international marketing?
- What are the long-term prospects for industrialization of an underdeveloped country with high population growth and minimum resources?