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Essay / Research Paper Abstract
This 8-page paper discusses development of international trade and finance. Topics focused on include international currency transactions, management of foreign risk, international trade financing and financial equilibrium. Bibliography lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: D0_MTdoitaf.rtf
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Unformatted sample text from the term paper:
sense. Even if the media word shouting misinformation every day, people would know it, based on the goods and services coming from overseas into our markets.
The growth of international and global trade has necessarily had impacts on the development of international trade and finance. For example, where once traders
had to go through many barriers and borders in order to export products, such barriers are becoming nonexistent. In addition, countries and regions are forging alliances, agreements and accords
that would been unthinkable even two decades ago. This paper will examine some trends in terms of international trade and finance. International
Currency Transactions Throughout much of history, when it has come to global trade, predominately one currency has reigned. During the 19th
century, Great Britains currency was the predominant one, and for much of the 20th century, the U.S. dollar has been the worlds primary international currency, although directly after World War
II, the pound sterling provided some competition (Tavlas, 1998). This was also the case during the 1980s, as increased use of the deutsche mark and the Japanese yen cost analysts
to wonder if the currency regime would be a tripolar one (Tavlas, 1998). Despite these glitches however, one currency has tended to have preference over others when it has come
to international trade. There has been talk by experts however, that we are increasingly moving from a singular world currency system toward
a bipolar one, with the U.S. dollar sharing prominence with the Euro (Tavlas, 1998). One reason for this goes back to elementary
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