Trade globalization is a type of economic globalization and a measure of economic integration.

1. MUDASSIR RAZA
INTERNATIONAL TRADE
AND
GLOBALIZATION

2. - Wants and Resources
- What is Trade?
- Concept of Globalization
- International Specialization
DISCUSSION POINTS:

4. WHAT IS TRADE?

5. Trade is a basic economic concept involving the buying and selling of
goods and services, with compensation paid by a buyer to a seller, or
the exchange of goods or services between parties.
WHAT IS TRADE?

6. WHAT IS GLOBALIZATION?

7. GLOBALIZATION

8. INTERNATIONAL
SPECIALIZATION
SPECIALIZATION AT A NATIONAL LEVEL
SUPERIOR RESOURCES ALLOCATION
CHEAPER PRODUCTION METHOD

9. ?
EXAMPLES OF
INTERNATIONAL
SPECIALIZATION.

10. COMPARATIVE
ADVANTAGEIt is an economic term
that refers to an
economy's ability to
produce goods and
services at a lower
opportunity cost than
that of trade partners.

11. ABSOLUTE
ADVANTAGEIn economics, the
principle of absolute
advantage refers to the
ability of a party to
produce a greater
quantity of a good,
product, or service
than competitors

12. Questions ?