Why the big jump in trade? Because the freer exchange of goods and services between one country and another allows specialization to occur. Specialization means focusing on what each country produces ...

By completing this specialization, you will be able to: Comprehend and critique global business including trade theories, globalization, political and economic systems, ethics, and international trade ...

The process of economic specialization and trade, in which individuals focus on doing the things they do best and then exchange the products of their labor with others who are likewise ...