91Ó°ÊÓ

International trade is the exchange of goods and services across the global/international borders. It refers to the free trade across countries.

It accumulates trade wealth and gains, further enhancing the production due to capital accumulation. All of it induces production as a whole.

As the production demand increases, it shall create demand for labor, thereby creating job opportunities.

But the effect of job creation differs from one industry to another depending on the participation in the international trade. If an industry is associated primarily with exports, the labor demand shall increase and such industries will create more jobs.

But, if an industry is hit by cheap imports, it won't be able to compete and stay its ground in the market, hence, jobs created would be less.