The Economic Threats and Opportunities of International Trade

The video discusses the economic threats and opportunities of international trade, defining it as the exchange of goods and services across borders. It highlights the benefits of accessing larger markets and economies of scale, using IKEA as a case study. The video also explores the threats posed by increased competition and protectionist policies like tariffs and quotas. The impact of Brexit on UK trade is examined, noting potential challenges and opportunities. Finally, the role of international suppliers in production is discussed, using Apple as an example.

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