"Advancement of international trade of a country is an index of the economic prosperity." justify the statement with 5 argument
1. if a country is present in global market, it can import goods and raw materials. Since all raw materials are not always there, this exchange helps in continuing production.
2. there are increased job opportunities. once a country is in the international market, mncs will set up and provide job opportunities.
3. foreign investment helps accelerate development.
4.Also by participating in the international trade, country earns the much needed foreign exchange.
5 The country also benefits from technology brought in by foreign companies.
6. when a domestic company becomes mnc and establishes in other countries, it chanelises the exchange of culture and indirectly helps in promotion of tourism industry.
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