Abstract
The real reason why we have to make a separate study of international trade is that governments still act nationally in world affairs. Since international trade involves goods crossing frontiers and payment being made in the currency of other countries, it can be controlled. The object of this control is to secure the greatest advantage for the nationals of the country concerned, e.g. to improve the terms of trade, to further political ends, etc.
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© 1994 J. Harvey and Janet Johnson
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Harvey, J., Johnson, M.K. (1994). The Nature of International Trade. In: Modern Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-23360-1_37
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DOI: https://doi.org/10.1007/978-1-349-23360-1_37
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60835-7
Online ISBN: 978-1-349-23360-1
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