There is nothing flawed about international trade in principal. Lets look at the second largest economy in the world, China https://www.worldbank.org/en/country/china/overviewand its trading partners in the West. China began initiating market reforms in 1978, which included moving from a centrally planned market to a market based economy. As a result of its efforts China has seen […]
Tag: trade war
Protectionist Policies Not Conducive to Global Trading
Global trading has come a long way from what it use to be, which entailed the barter system. Nation States use to trade goods for supplies, which transitioned into trading commodities for those items. Now Nation States are trading a third category of export, services, which have ballooned into the billions of dollars in the […]