Facilitation of Economic Development:
Importing capital goods and technologies can help in economic development tremendously. Generally,
the developing nations imports heavy machineries for generation of progression in their agriculture and
industrial sectors.
Foreign trade helps in harmonizing the world resources. It brings the countries together by crafting a
friendlier environment globally. Also stimulating healthy competition among countries. Most
importantly, foreign trade helps in upholding the world peace.
http://www.researchomatic.com/Foreign-Trade-57849.html