Perspectives on Business Management, Economics & Information Technology (PBMEIT) Now also covers research on Psychology

PBME Volume I ISBN: 978-81-946245-3-0

GLOBAL TRADE: ITS ORIGIN, EVOLUTION AND THE PRESENT SCENARIO

Author(s): SUCHITRA M. KUMAR & CAPT. K.S.M. KUMAR

Abstract

Global Trade or International Trade refers to the exchange of goods, capital, resources, manpower, technological exchanges etc between countries for their mutual benefits. Detailed explanation on the subject in the present context is outlined. The Historical Trade patterns and Modern Trade Patters are compared. The historic evolution of trade from ancient times to the present scenario has been analyzed. Various ancient and present trade routes like the Silk Route discussed along with the measures to revive some of them. Explains how the international trade affects the economy of the nations and the world economy. Merits and de- merits of the global trade discussed categorically. How nations are utilizing the various means of international trade is also dealt with. Goods are imported and/or exported which forms a major part of the national revenue. Present trade agreements with nations area wise (like American Trade, European and Asian) and their impact on the national as well as International economy studied in detail. Existing Trade agreements are dealt with. Salient features of world Trade Organization analyzed. Major power stalkers in the present Global trade identified. Prof. Paul Krugman’s New Trade Theory is detailed. Also explains the global economic prospects, present trend and the future predictions/growth projections of the world trade through various means of analysis.

Keywords: global trade, international trade, history of trade, globalization, multimodal, trade agreements

JEL Classification: B17, B27

Download Full Paper (PDF)

© 2020-2024 Perspectives on Business Management & Economics (PBME)