International trade allows a country to specialize in the manufacture and export of products that it can produce efficiently, and import products that can be produced more efficiently in other countries.
Some patterns of trade are fairly easy to explain-it is obvious why Saudi Arabia exports oil, the United States exports agricultural products, and Mexico exports labor-intensive goods. Yet others are not so obvious or easily explained, such as cars exported from Japan.
Respond to the following:
- Most countries create a list of "hostile" countries that require special permission before an exporter will be allowed to proceed. Choose the countries and products you would like to place on this list for your nation. Post the list along with the explanation for each product and country.
Must be 1 page in length.