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    Internet's effect on foreign trade

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    Explain how the Internet will continue to change foreign trade.

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    The Internet changes foreign trade in the following ways:

    1. It facilitates trade on a microscopic scale.

    Consider eBay. If you have one pair of shoes, you can put it up on eBay and sell to virtually any part of the world. Without eBay is this possible? If you recall the definition of a market, it is a place where many sellers and many buyers meet and exchange goods. Foreign trade, however, does not have a market. It is impossible to have people from many countries meet and exchange goods (like a traditional market does). Traditionally, foreign ...

    Solution Summary

    In about 377 words, this solution discusses ways that the internet has an impact on foreign trade.