H.W Essay Example | Topics and Well Written Essays - 500 words - 4

H.W - Essay ExampleIn some other words, several countries have benefited from the trade in various ways. To begin with, the goods that are imported may be of lower prices than those produced domestically. Besides, the imported goods often offer advantages other than lower prices such as better quality or design, higher status and technical features among other reasons. In respect to this, the paper focuses on the countries that have capitalized on external trade and the effects that it has had on their economic growth.The participation of the Far East countries in international trade is remarkable. Evidently, countries such as China, Japan and Korea are developing and expanding at a very fast rate. The fast expansion and development is attributed to international trade. It is worth noting that, since the initiation of economic reforms and the adoption of the open door policy, international trade has resulted in the dramatic growth of a number of countries, China organism one of them . The integration of China as a country into the global economy has been attributed to its sustained economic growth in the recent years. It has become a darling to several countries in Europe and in Africa due to its investment programs and the visions it has as a country. The exportation and importation of goods ensured that some of the industries in China had comparative degree advantages in terms of the level of specialization (Reuvid & Sherlock, 2011). Additionally, international trade has helped achieve a high growth rate of GDP in China, as easy as an enormous inflow of hard currency and a dramatic increase in the employment opportunities that have absorbed the high population. Just wish well the neighbouring countries such as Japan, Chinas participation in international trade has also contributed to the improvement in productivity of domestic industries and