What International Trade Is?

First of all, speaking on this topic, I’d like to define what international trade is. Well, I feel it like an exchange of goods and services, results of mental activity and labour force between different countries. The aim of international trade is to use division of labour more efficient with surplus.
Let me remind you, that international trade has a long history and a lot of different theories. If I am not mistaken, first theories of IT appeared centuries ago and many of them are still in use. First and foremost, let me tell you about Economist Cannath Boulduin, that has used the term “cowboy capitalism” to describe the American economy of yesterday. He compared yesterday capitalism to the early American West. The land was so reach and the resource was so wast that the people could abuse the environment with impunity. They could cut down trees, kill buggelo and plug the grass land.
But Boulduin’s “cowboy” is now gone. The cowboy capitalism can’t operate successfully without the wast world unkept market.
Another term to describe our world became popular in the 60’s. We are on “Space ship earth”, “Global village” according to Marshall McLuhan. That was him, who said that all persons are part of one surviving system, hurtling through space together. So the business people of the international global village must recognize that the time of cowboy capitalism is over. The abuse of any part of the world environment must be seen as hazardous to the progress of all our fellow travelers on space ship earth.
• currency transactions is an activity related with moving of the money and its substitutes.
• employing foreign assets This form of business includes licenses, patterns, know-how and so on.
• foreign investments. The foreign investing activity is the process of transmission of the capital of one country...

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