Content area
Full Text
Key Words
International trade, developing countries, industrial countries, growth, development, consumers, petroleum input, commercial transactions, legal obstacles, economical obstacles, commercial law, economy.
Abstract
International trade is important between countries. Since the countries give it the priority in its development plans, especially it refreshes the gross domestic product (GPD). In general, international trade is the exchange of goods and services across borders and different regions, and it represents a large share of the GDP in different countries.
International trade is more significant in the advanced industrial countries that possess a strong economy, because the consumers have the ability to easily buy basic products. On the other hand, there are some countries that do not have the consumers' needs, which apply to the developing countries. Therefore, the developing countries are seeking to import from other countries the basic products, such as; food, clothes, fuel...etc. in the most economical price. Keeping into account, its economy, and not overloading the domestic market with imported products.
This study is going to clarify the role and importance of the international trade in the developing countries, and how different countries collaborate commercially in the benefit of all parties. Also, we will focus on the significance of free or restricted trade; in particular, we can note that the trade across borders is an ideal method of trading.
Introduction
The trade plays a major role in the economical life, especially it is the leading the global economic growth. In general, the trade is seeking to achieve the final goal through the well being of people in the developing countries, in regards of commercial liberal policies.
In addition, the trade's importance appears when the people of the developing countries have the right of choice. Therefore, the export of these countries is not the only criteria for its growth. Furthermore, there are many developing countries especially in the middle east have used the trade properly, which will get benefit to these countries in terms of growth and development. On the other hand, some of the developing countries have misused the commercial liberal policies, and therefore...