“The progress of international trade of a country indicates the economic prosperity of that country.”Prove this statement with five logics.

Advancement of international trade of a country is an index to it’s economic prosperity. It is, therefore, considered the economic barometer for a country. Following facts justifies and prove this.

• (i) Due to the progress of the international trade the living standard of the people of a country prospers.
• (ii) Developed nations get foreign exchange by selling their high quality goods to other countries.
• (iii) Developed countries produce/manufacture goods more than their requirements and exports in foreign countries.
• (iv) Developing countries depends on developed countries in many ways.
• (v) Under developed countries depends on other countries and have to give a big part of their income to developed countries.
• (vi) It increases employment opportunities.
• (vii) Much needed foreign currency stock increases.

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