Tag Archives | Advantages of International Trade

The following points highlight the top four advantages of international trade. The advantages are: 1. Variety 2. Efficiency 3. Specialisation 4. Interdependence. Advantage # 1. Variety: In the absence of international trade, many countries would have to go without some products. For example, countries with a temperate climate would have to do without certain fruits, cotton and rice; others would [...]