CB2 Demo Lecture – International Trade and Payments | Part 1
Автор: The Actuarial Academy
Загружено: 2025-10-23
Просмотров: 11
Introduction to Global Trade, Globalisation & Comparative Advantage
In this video, we explore the foundations of international trade and understand how globalisation connects economies worldwide.
✅ What’s Covered in this Part:
🔹 Global Trade
Explained what global trade is and how it is carried out between nations
Discussed key components of imports, exports, and trade balance
🔹 Globalisation
Defined globalisation and explored how it benefits all nations
Identified the factors driving globalisation in modern economies
🔹 Comparative Advantage & Specialisation
Learned the concept of comparative advantage
Understood how specialisation forms the basis of international trade
Explained how countries can mutually benefit through trade
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