Why Is International Trade Important for Thailand?

Why is international trade important for Thailand?

According to the technology development, the world is growing closer and closer together. In the past, each country rely on their own resource that another countries don't have available to them. Because of this, they must trade with one another to get what they need by exchanged their goods for another goods. The earliest people traded with their near neighbors. As time went on, they became available for trade to another country that far away. Some things were not available locally. For example the coast country trade fish with meat of forest country. This is the starter trade until now. The trading techniques always change over time. This allows countries to expand into new markets all across the world. International trade is necessary for the reasons: it allows countries to get new ideas from one another, resources that they need, and it reduces the risk of an economic collapse.

International trade allows countries to learn from each other and take in new ideas. While one country might be focused on developing one type of product, another maybe focusing on completely different products. Together, they can share their ideas, benefiting both of the economies for both countries. For example, Japan tends to be ahead of the field in consumer electronics. Countries like the United States can directly purchase goods from them, as well as learn about the new technology are being discovered on the other side of the world.

Thailand is the one of exporter country too, the main product is rice. Thailand rice production sequence is no.6 of the world but number one the most export of rice. Thailand 's export sector in the past . The growth rate is high and growth very fast. Due to the advantage of the resources, Labor and wages are low. The Thailand export can enter easily in the world market. This of these factors is the key mechanism that drives the country’s economic growth. This is a business discipline which is vital...