H.W Essay Example | Topics and Well Written Essays - 500 words - 4

H.W - endeavor ExampleIn other words, several(prenominal) countries have benefited from the trade in various ways. To begin with, the goods that argon imported may be of lower prices than those produced domestically. Besides, the imported goods often offer advantages other than lower prices much(prenominal) as better quality or design, higher status and technical features among other reasons. In celebrate to this, the paper focuses on the countries that have capitalized on supranational trade and the effects that it has had on their economic growth.The interlocking of the Far East countries in international trade is remarkable. Evidently, countries such as China, Japan and Korea are develop and expanding at a very fast rate. The fast expansion and development is attributed to international trade. It is worth noting that, since the start of economic reforms and the adoption of the open door policy, international trade has resulted in the dramatic growth of a number of countries , China being one of them. The integration of China as a country into the world(a) economy has been attributed to its sustained economic growth in the recent years. It has become a darling to several countries in Europe and in Africa due to its investment programs and the visions it has as a country. The exportation and importation of goods ensured that approximately of the industries in China had comparative advantages in terms of the level of specialization (Reuvid & Sherlock, 2011). Additionally, international trade has helped achieve a high growth rate of GDP in China, as well as an ample inflow of hard currency and a dramatic increase in the employment opportunities that have clothed the high population. Just like the neighbouring countries such as Japan, Chinas participation in international trade has also contributed to the improvement in productivity of domestic industries and