Explain the issues and institutions related to International trade and economic development

1 answer:

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International trade or foreign trade is an exchange of goods and services across international borders or territories. In most countries, it represents a large share of GDP. Hence, its vital importance to any country.

These risks and problems can be divided into large groups

Issues: buyer's insolvency, late payment - the buyer's failure to pay the total within six months, currency fluctuations and related to economic sovereignty.

Some institutions that helps the trade to stabilized the exchanges are: World Trade Organization (WTO), International Monetary Fund (IMF) and United Nations Conference on Trade and Development (UNCTAD)

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