Role of domestic politics

Student Name : ____________________________________________

Student ID : ________________________________________________

Country : ___________________________________________________

Trade which means the exchange of goods and services for money is very important for the growth of any country 's economy . This business industry has continually changed over time . This can be clearly seen because a long time ago there was barter trade which is the exchange of goods with other goods or services . Initially there was no medium of exchange but later money was introduced . Traditionally , trade was also conducted within boundaries of countries that is local trade . However the

arena has completely changed nowadays

This has been caused by the fact that the transportation of goods and services is easy . People , goods and services can be transported through air , rail , water or even road . This in turn means that space otherwise known as distance between the producer of goods and services and the consumer is not an issue . There is therefore a free flow of services people and goods from one country to another . This means that there is international trade

However , international trade is affected by the domestic policies of the country as well and the politics of all other countries involved . This will study the effects of the politics of globalization in China Yanrui argues that the economy of China has changed since the economic reforms which took place in 1978 (1 . According to the National Bureau of Statistics of China , her economy comes third . United States is ranked first followed by Japan . China 's economy...