What factors affect the growth of international trade?

International trade growth can affect a wide range of political, economic and practical factors. Many nations have a number of legislation that businesses have to be in an international trade, and some nations even have economic policy that strongly reflect it in favor of a more internally focused economy. Practical concerns include the availability of resources and the ability to produce products or materials that are desirable at a global level. Communication is also important because technology like the Internet now allows almost unnecessary communication around the world, which allows businesses on the markets of their products and services around the world with relative ease. The politically stable nation with several policies limiting international trade is likely to expand its global trade quickly. Political instability, especially if this leads to violence, may be the main obstacle to trade growth - many nations for these reasons place steep tariffs or importsy of certain nations or industries. While such tariffs can be used to protect the nascent industry or to exert political pressure on some nations, their overall effect on international trade is often negative.

Economic condition and economic policy of the nation are also important factors that affect the growth of international trade. It is difficult to enter the international trade for doing business in a country suffering from recession or depression. On the other hand, the economically healthy nation provides an excellent basis for entering international markets. Under such conditions, it is generally easier for businesses to get loans and attracturers, which significantly increases their ability to expand to global trade. Thus, the growth of this trade is largely dependent on the economic state of nations involved in the trade on a global scale.

fast global communication by phone and over the Internet is the oneThe main factor affecting international trade. For example, personal meetings can take place from different sides of the ocean with video conference technology. Such communication technology supports global trade growth by providing businesses an easy way to sell their goods and create a quick method of communication between business partners around the world. For example, in many cases it is possible to order goods or services from another country by simply filling in the form on the web.