International Trade; Kenya and China
THE REASONS WHY COUNTRIES TRADE: THE BENEFITS AND DISADVANTAGES
TRADE RELATIONSHIP BETWEEN KENYA AND CHINA: REASONS WHY THE TWO COUNTRIES TRADE
Table of content
1.0 International trade
1.1 Reasons why countries trade
1.2 Benefits of trade
1.3 Disadvantages of trade
2.0 Trade relations between Kenya and China
2.1 Volume of trade between kenya and
2.2Reasons for the Trade relations between Kenya and China
3.0 References
1.0 International Trade
International trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders.
Trade among nations is thus essential for countries to obtain goods and services not available within their own borders either because resources are not indigenous or production technology is lacking. Trade also can serve as an important act of diplomacy between cooperating nations looking to support and be supported by one another or as a weapon of war to punish or harm countries with divergent agendas.
1.1 The reasons why countries trade include;
1. Haves and Have Nots
In some cases, trade is essential for a country to obtain a product or resource not available within its sovereign territory. Middle Eastern countries, for example, have vast natural petroleum resources. Much of the world depends on trade with these oil-rich countries for fuel. The need for rare resources held by only a few nations has led to war throughout the course of world history when trade talks have broken down.
2. Keeping the Peace
Some nations trade amongst themselves as a means of fostering good
TRADE RELATIONSHIP BETWEEN KENYA AND CHINA: REASONS WHY THE TWO COUNTRIES TRADE
Table of content
1.0 International trade
1.1 Reasons why countries trade
1.2 Benefits of trade
1.3 Disadvantages of trade
2.0 Trade relations between Kenya and China
2.1 Volume of trade between kenya and
2.2Reasons for the Trade relations between Kenya and China
3.0 References
1.0 International Trade
International trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders.
Trade among nations is thus essential for countries to obtain goods and services not available within their own borders either because resources are not indigenous or production technology is lacking. Trade also can serve as an important act of diplomacy between cooperating nations looking to support and be supported by one another or as a weapon of war to punish or harm countries with divergent agendas.
1.1 The reasons why countries trade include;
1. Haves and Have Nots
In some cases, trade is essential for a country to obtain a product or resource not available within its sovereign territory. Middle Eastern countries, for example, have vast natural petroleum resources. Much of the world depends on trade with these oil-rich countries for fuel. The need for rare resources held by only a few nations has led to war throughout the course of world history when trade talks have broken down.
2. Keeping the Peace
Some nations trade amongst themselves as a means of fostering good
References: Allan M. Rugman and Simon Collinsion: International Business 4th edition. Hill, Charles. International Business. Tata McGraw hill New Delhi, 2003. John Yabs. International Business Operations in Kenya. www.scribid.com www.ehow.com/about docs.plea.org Business Dairy.