Philippines and International Trade Essay

What is International mete out? International trade is defined as trade between two or more partners from disparate countries in the exchange of goods and services. In order to actualise International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International cope simply globalization the innovation and enable countries to obtain products and services from other countries effortlessly and expediently. International trade has been in existence passim history and has an frugal impact on the articipating countries.Trade in most countries has a share of the realize Domestic Product (GDP) and helps to boost the countrys overall economy on a yearly basis. International Trade for the Philippines is available only to chosen business and companies and is declining, because we import more goods than we export, which affects our countrys economy. Economic schooling in Philippine economy has been beca use of high government spending. A hard working service sector and large allowance from millions of Filipinos working abroad played an important role in Philippine economic development.Since the former president Macapagal-Arroyo came into power in 2001 there has been an economic growth of 5%. Still, the Philippines need a further increase in growth rate in order to sustain economic growth. more economic development is required to lessen poverty in the country and address imbalances in dispersal of income. It also stresses on high population growth. This paper discusses the uncertain economic status of the Philippines, in cost of its stand in the world market, and its relationship with other countries. The need for new investors and lessen unemployment will be the point of discussion.