The world commodity market is divided into three main groups: the market for basic goods (agricultural products and extractive industries); market of medium and low-tech, mainly labor-intensive finished products and intermediate products; market of high-tech products. The first group (basic goods), whose share is constantly decreasing, is the market for the products of developing countries […]
Tag: commodity
Nature, forms and trends of international trade
International trade is the oldest and most important form of international economic relations, exerting a decisive influence on the development of the world economy as a whole. International trade is the sphere of commodity-money relations, which is a set of foreign trade of all countries of the world. Foreign trade is the exchange of a […]