World Trade Grows But It’s Still a Small World

International trade has become vital to the economic climate of most countries, revealing the growing need for businesses and individuals to learn Forex trading.

It is easy to spot international trade in our day-to-day lives. A quick glance in the closet and one will find that their favorite dress, shirt or suit was made in another country. Yet, foreign apparel and accessories make up just a fraction of the International products available in the U.S. Before you decide to invest in Forex trading and Forex robots, learn why so many countries rely on international trade for their economic well-being.

International trade has seen a radical increase since the end of World War II.  In 2000, total world merchandise exports amounted to a whopping $6.3 trillion, accounting for a 100-fold increase from only $58 billion in 1950, according to statistics from the Federal Reserve Bank of New York.  

The majority of foreign trade consists of the purchase and sale of industrial equipment, consumer goods, oil and agricultural products. The remaining one-fifth of world exports consists of services such as banking, tourism, engineering, telecommunications and transportation.

As both communication and international transportation become more affordable and available than ever before, we see the economies of the world blend into one another. Yet as more of the earth’s population learns Forex trading systems, countries come to depend on each other for economic well-being.  It is this interdependence that is in part responsible for the way events in one country can directly impact another.

Over the years, the United States in particular has created strong financial relations with the rest of the world. For example, the number of international banking facilities operating in America increased from around 40 to more than 600, according the Federal Reserve Bank of New York.

In addition, foreign gross transactions of long-term U.S. government securities increased from $144 billion in 1978 to more than $9.1 trillion in 2000. International trade has become vital to the economic climate of most countries, revealing the growing need for businesses and individuals to learn Forex trading.

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