Despite its work relief elements and large government programs, International Trade in a recessionary market has a big impact on every country because of the exchange rate, balance of payment, balance of trade and trade deficit. We need to trade so we can make more money and pull us out of a recession. Trading becomes more important as the years pass us by because we have exports and imports that have grown at a fast pace. When you export the people at home benefit and when you import things it becomes beneficial for others. So, Global Trade during a recession is good for both parties. It is helping the economy grow and better the economic status of everyone. The exchange rate, as stated in an economics’ textbook, is the value of a foreign nation’s currency in terms of the home nation’s currency. When one country produces a good a...
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Riley, Geoff. "Recession Cuts the US Trade Deficit in Half." Recession Cuts the US Trade Deficit in Half. N.p., 27 Apr. 2009. Web. 20 Feb. 2014.
Stein, Herbert. "Balance of Trade and Balance of Payments." , College Economics Topics. Webmaster@econlib.org., n.d. Web. 20 Feb. 2014.
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