Review:
International Trade
overall review score: 4.5
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score is between 0 and 5
International trade is the exchange of goods and services between countries, allowing for a more efficient allocation of resources and promoting economic growth.
Key Features
- Promotes economic growth
- Increases access to a wider variety of goods
- Allows for specialization in production
- Creates jobs and generates income
Pros
- Facilitates economic development
- Promotes global cooperation
- Enhances consumer choice
Cons
- Can lead to unequal distribution of benefits
- May harm domestic industries in some cases
- Can be influenced by political tensions