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TradeTrade centres on the exchange of goods and/or services. Exchanges may take place between two parties (bilateral trade) or amongst more than two parties (multilateral trade). In its original form trade perforce used barter and the exchange of goods and services of a recognized equal value desirable to both parties. Modern traders generally negotiate through the use of a medium of exchange, i.e. money, and rarely through barter: as a result one can separate buying and earning or selling. The invention of money (and subsequently of credit, paper money and non-physical money) greatly simplified and promoted the development of trade.
Most economistss accept the non-obvious theory that trade benefits both parties, and reject the notion that all exchange must exploit one party. Trade exists largely because differences exist in the cost of production of some tradable commodity in different locations. As such, exchange at market prices between locations benefits both.
Empirical evidence for the success of trade can emerge when contrasting countries such as South Korea, which has adopted largely unfettered free-trade, with India, which has pursued a more protectionist policy. Countries such as South Korea have fared much better (when measured by economic criteria) than India, and others, over the past fifty years.
History of Trade
Organisation of Trade
Different patterns of organising and administering trade include:
- State control - recognising the importance of trade by preserving the natural monopoly of everyone
- Guild control - collectivist convenience for the merchant class, and grounds enough for their reputation in so many societies
- Free enterprise - a strange modern idea that appears to foster the deification of dealers for their heroism in the arenas of the markets
Types of Trade
See also
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Global Sources Online International trade site linking manufacturers and volume buyers worldwide with emphasis on sourcing, industry information and excess stocks. http://www.globalsources.com
Great Indian Bazaar Trade Point and product directory for Indian manufacturers and exporters with largest catalog of Indian goods. http://www.infobanc.com
Chamber Trade Business to business meeting place where companies can search for new business opportunities and register their own business inquiries. http://www.chambertrade.com/
Euro Trade Leads Online no-cost posting and viewing of trade leads based on a network of 500,000 European companies. http://www.eurotradeleads.com
Global Tenders Postings of tenders for a large number of industries. http://www.globaltenders.com/
International Enterprise Singapore Singapore trade information and leads provided by the lead agency spearheading Singapore's efforts to develop its foreign trade. http://www.iesingapore.gov.sg/
Taiwan External Trade Development Council TAITRA, a non-profit trade promotion organization in the Republic of China on Taiwan. Lists businesses and trade leads. http://www.taiwantrade.com.tw/
Alibaba.com Import and export trade leads and opportunities. http://www.alibaba.com/
Indian-Chemicals.com Gateway to the Indian chemical, pharmaceutical and dyestuff industry with products listings and industry prices. http://www.indian-chemicals.com/
ExpoEuro.com On-line display of a wide variety of european products and services. http://www.expoeuro.com/
ECTrade An international business portal with company and product directory, global trade leads bulletin board, sample rooms, and news Digest. http://www.ectrade.com/
Lexico Exporter Web community of information and resources for UK exporters. http://www.lexicoexporter.co.uk/
Global Trade Alliance Inc.'s MART Consumer industrial products, raw materials and commodities produced and exported by companies from around the world. http://www.gtamart.com/
SilkRoad 21 Self-managed and customized business directory, import-export bulletin board, news. http://www.silkroad21.com
International Tenders Service A complete tendering and procurement system. http://www.tenders.net
Digi-mart.com Virtual trade center and mall for international trade and business. http://www.digi-mart.com/
The Mellinger Co. International trade leads, bulletin board and traders' sites. http://www.tradezone.com/
Free Trade Front Business contact message board for importers and exporters, focus on Asia, America Europe and Africa. http://www.freetradefront.com/
WTC Japan Business portal for trade with Japan. http://www.wtcjapan.ne.jp
Export.Ca Product directory for Canadian manufacturers and exporters listed alphabetically and by product category. http://www.export.ca
EC21 - Korea International Trade Association Marketplace for B2B, provides trade leads, catalogs, free trade bulletin board, and business information. http://ec21.com/
ExportBureau.com Global export company and product directory. Includes exporter resource and information service. http://www.exportbureau.com/
Mediterranean Trade Board Import, export, information and news. http://eidinet.com/tb/exrates.html
Thaipost.Com Trade promotion services. http://www.thaipost.com
Asia Trade Hub Asian trade related economic and financial news, trade boards, email service. http://www.asiatradehub.com
Ecrobot.com Portal service site for electronic commercial business. http://www.ecrobot.com
DistributorMatch.com Searchable database of manufacturers seeking distributors in foreign markets, and distributors seeking manufacturers to expand their product lines. http://www.distributormatch.com/
Xchange.com.my Online database for Malaysian products. Free registration and posting for products. http://www.xchange.com.my
Handicraft from Vietnam Vietnamese accessories featuring rattan baskets, porcelain, silk, and bamboo. http://handicraft.fromvn.com/
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