Abstract
International trade arises because countries differ in their demand for goods and their ability to produce them. Factors of production cannot be transferred easily between countries, and so goods move instead. A separate study is made of international trade because: longer distances are involved; problems of knowledge, language, currency, etc. present barriers; governments interfere for economic and political reasons.
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© 1994 Jack Harvey
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Harvey, J. (1994). The Nature of International Trade. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_37
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DOI: https://doi.org/10.1007/978-1-349-13313-0_37
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
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