The effects of foreign trade on an economy | international economics

Since the end of World War 2, world trade has been growing faster than world output. How does one country’s trade with other countries affect its domestic economy in the areas of price level, interest rates, consumption, investment, wages, jobs, and gross domestic product (GDP)? Would it positively or negatively affect the country’s economic growth? Discuss in detail.
Your initial post should be a minimum of 300 words.

The effects of foreign trade on an economy | international economics

Since the end of World War 2, world trade has been growing faster than world output. How does one country’s trade with other countries affect its domestic economy in the areas of price level, interest rates, consumption, investment, wages, jobs, and gross domestic product (GDP)? Would it positively or negatively affect the country’s economic growth? Discuss in detail.
Your initial post should be a minimum of 300 words.

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