Reference no: EM133170321

"The textbook defines an international transaction as a trade of products, services, resources, or capital with a firm in another nation (Satterlee, 2018). 

Summary of Article

The article Trade and the mdgs: How trade can help developing countries eradicate poverty discusses the power that international trade has on reaching development goals, particularly poverty (United Nations, 2022). International transactions are conducted by businesses and are the backbone of international trade. Before pursuing growth in international trade, each country should consider the context they are in. Every country has a different economy and business environment. MDG stands for millennial development goals, which is a list of the most foundational improvements that countries constantly seek growth in. International transactions assist them in pursuing these goals through connecting with foreign countries in an attempt to strengthen both parties.

Discussion of Article

The chosen article discusses the many ways that international transactions influence economic growth and strengthen companies. International transactions increase the company growth through new or growing sectors of the company, which provides more jobs and results in lower unemployment. The many small company transactions push their countries toward the overarching goal of development. International transactions have the power to increase standard of living and reduce hunger in developing countries. The article gives the examples of Rwanda and Kenya, which export coffee and flowers. These transactions, along with thousands of other resources, play a vital role in the nation's continual development."