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  1. #1    "Free Trade is God's diplomacy and there is no other certain way of uniting people in the bonds of peace"

    http://www.facebook.com/notes/oubookstore/keen-shasta-hiking-shoe-womens/317973964879284 International, free trade is particularly important to developing, poor, countries (among them the "economies in transition").

    Without international trade, the local economy is limited. It does not manufacture and produce more than it can consume. If it produces excess products, commodities, or services - no one buys them, they accumulate as inventory, and they bring about losses to the producers and, often, a recession. So, in the best of cases - even assuming optimal management and unlimited availability of capital - a firm in a closed economy can expect to grow by no more than the rate of growth of the local population.
    written by meepo2543 57 days 10 hours 8 minutes ago
  2. #2    "Free Trade is God's diplomacy and there is no other certain way of uniting people in the bonds of peace"

    http://www.facebook.com/notes/oubookstore/keen-shasta-hiking-shoe-womens/317973964879284 International, free trade is particularly important to developing, poor, countries (among them the "economies in transition").

    Without international trade, the local economy is limited. It does not manufacture and produce more than it can consume. If it produces excess products, commodities, or services - no one buys them, they accumulate as inventory, and they bring about losses to the producers and, often, a recession. So, in the best of cases - even assuming optimal management and unlimited availability of capital - a firm in a closed economy can expect to grow by no more than the rate of growth of the local population.
    written by meepo2543 57 days 10 hours 5 minutes ago
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