Write a note on the changing nature of the international trade in the last (W) fifteen years. Ke...
24Write a note on the changing nature of the international trade in the last
(W) fifteen years.
Key concept: International Frade, Globalisation
Prade between two countries is knoum as international Trade.
It has undergone a vast change in the last fifteen years. Exchange of goods and commodities hare beew superseded by the exchange of information and knouledge. Eg: lndia has emerged as a software giant at the international level and it is eroning large forex reserves through export of information rechnology.
International trade also depends on the relationship between the countries and other eixternal factors like duties and tariff on the fransportation
in of goods. In the last fifteen years, different trade routes
4 it. and blocks emerged, which changed the scenario of trade done previously.
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