Global trade from "summary" of The Economic Consequences of Peace by John Maynard Keynes
The idea of international commerce is of profound importance in the modern world. It is not only a source of material wealth, but also a means of fostering peace and cooperation between nations. Without global trade, countries would be limited to the resources within their own borders, leading to scarcity and conflict. In contrast, by engaging in trade with one another, nations can specialize in producing goods and services that they are best suited for, leading to increased efficiency and prosperity for all involved. Furthermore, the interdependence created by global trade helps to foster mutual understanding and respect among nations. When countries rely on one another for go...
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