Week 6:

International trade is the exchange goods and services that due to increase the money from aboard. As technological advanced can be positive impact on exports and imports. An export is shipping a goods and services from own country to others. As a result the money can earn from out of a country. An import is a good that people buy from external sources, which is supported by other countries rather than own country. Therefore, International trade is hopefully traded an export more than import, since exportation can gain the financial transaction.

There are several factors to consider the context of international trade, which are political, economic, socio-cultural, technological, legal and environmental. Political is organized control over a human community. Political is very important, if political is unstable, a government may spend the money on extra cost such as medical and civil war. However, economic will be based on the quantity of goods and services, which is the same estimated value to exchange. In addition, socio-culture is the consideration of what the people want commonly. Otherwise, some goods and services are likely to waste the cost as well as profit. Furthermore, technological advanced having positive effect for communicating with different nationality, and also benefit for working efficiency if people make decision. Moreover, Legal is depended on the law of other countries, which is the agreement for trade. For instance, drugs are probably illegal for some countries. So it may become trade barrier. Finally, environment is damaged by human activities. A government is strongly focus on the renewable resource due to have positive for environment, such as solar power. Otherwise, it will pay a fine as well as charge high taxes for using limited resources.

Overall, globalization can expand the international trade rapidly. Despite it will create more pollution as well as resources consumption, a government will take over responsibility to solve this problem such as high taxes. So I totally support with International trade.