Explain the three types of movements or flows within international economic exchange. Find one e...
0Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
The three types of movements or Hows within the International economic exchange are -
1) Flow of trade- It refers largely to trade in goods such as eloth or wheat. For example - since ancient times, India exported textiles and spices in return for gold and silver from Europe.
2) Flow of labour-It means the migration of people in search of work. For example - In the \( 19^{\text {th }} \) centuary thousands of In dians labouvers went to work on plantations, in mines, in road and railway construction projects around the world in the form of indentared labourers. They were hiered under contracts
P Ila promising their returns to India after working
W.
a for 5 years in the plantation. Their living
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