KEY TAKEAWAYS
International trade is the exchange of goods and services between countries.
Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries.
The importance of international trade was recognized early on by political economists like Adam Smith and David Ricardo.
Still, some argue that international trade actually can be bad for smaller nations, putting them at a greater disadvantage on the world stage. (investopdeia.com)
Hope this helps
