The Impact of International Trade on the Economy

February 3, 2023

The Impact of International Trade on the Economy

Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10

Instructions:

The Impact of International Trade on the Economy

International trade refers to the exchange of goods and services between countries. The impact of international trade on the economy can be both positive and negative, depending on various factors such as the nature of trade relationships, trade agreements, and the competitiveness of industries.

One of the main benefits of international trade is increased access to a wider range of goods and services. By trading with other countries, individuals and businesses can access a greater variety of products and services at lower prices, which can improve their standard of living. Additionally, international trade can promote economic growth and increase employment opportunities, as businesses expand their operations to take advantage of new markets.

Another benefit of international trade is increased competition, which can lead to increased innovation and productivity. When businesses compete on a global scale, they are motivated to produce better products and services at lower prices, which can lead to increased efficiency and competitiveness.

International trade can also play a role in promoting peace and stability. By fostering economic relationships between countries, trade can help to build trust and reduce tensions, which can help to maintain peace and stability in the global community.

However, international trade can also have negative effects on the economy, particularly for certain industries and workers. For example, increased competition from imports can lead to job losses in certain industries, such as manufacturing, as businesses move production to countries with lower labor costs. Additionally, trade can also lead to wage stagnation and inequality, as workers in some industries may see their wages decline due to increased competition from abroad.

In conclusion, international trade has both positive and negative impacts on the economy. While it can increase access to goods and services, promote economic growth, and increase competition, it can also lead to job losses, wage stagnation, and inequality. As such, policymakers must carefully consider the potential impacts of international trade and strive to find a balance that promotes the overall well-being of the economy and society.

The Impact of International Trade on the Economy

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49 points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met

You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow