What are the Importance of International Business for economy? Answer: The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. […]
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An Overview of International Trade and Foreign Exchange Contributed by—Mohammad Ullah, Director, ABTI Definition of International Trade/Foreign Trade: “Trade is essential an international transformation of commodities, inputs, and technology which promotes welfare in two ways. It extends the market of a country’s output beyond national frontiers and may ensure better […]
Read moreInternational Trade and Foreign Exchange – By Anwarul Haque Qureshi The importance of international trade in the economy of a country is too well known to need emphasis. A number of advantages flow from international trade. Many developing nations of the world owe their hopes of development on it. A […]
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