International Trade: It's Positive effect on a growing nation.

INTERNATIONAL TRADE : IT'S POSITIVE EFFECT ON A GROWING NATION ................. courtesy of Trade Nigeria In our world today, nothing can be done without an exchange of some value for value, which involves money, ideas, product and technology. Because of this there is direct effect on the economy of any nation, either positively or negatively. Trade can be traced back to the need for exchange, which evolved from the barter system to the money system. Trade in Africa, however, became popular with the advent of the colonial rule that brought in their wares and made Africans their intermediaries. By this, Africans understood the need for trade both domestically and internationally. International trade can be seen as exchange of goods and services that exists between two or more countries of the world. International trade occurs due to differences in natural resources endowments, technology, demand, existence of economics of scale in production, financial capital and exis...