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The role of international trade in a world economy
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717 
Int. j. adv. multidisc. res. stud.
2022; 2(6):717-726 
 
International Journal of Advanced Multidisciplinary 
Research and Studies 
 
The role of international trade in a world economy 
Tran Tan Tai 
Gia Dinh University, Vietnam 
Corresponding Author:
 
Tran Tan Tai
Abstract 
Trade is an independent economic sector whose activities 
are buying and selling goods and services. Commercial 
activities are activities for profit-making purposes, including 
goods sale and purchase, service provision, investment, 
trade promotion and other profitable activities. This includes 
activities: buying and selling of goods, providing services, 
promoting 
commerce, 
activities 
of 
commercial 
intermediaries. 
Keywords:
International Trade, Socio-Economic Development, Integration, Commodity Trade, Service Trade, Intellectual 
Property, Investment Trade, Dumping and Sponsorship Issues Export 
1. Introduction to the research problem 
The history of international economic development in the world so far has had three typical types of international division of 
labor: the capitalist international division of labor, the socialist international division of labor, and the socialist international 
division of labor. labor worldwide. Due to complicated changes in world political and social life, since 1991 with the collapse 
of the socialist regime in the Soviet Union and Eastern European countries, the contemporary world has only existed. and 
develop two types of social division of labor and world division of labor. If we omit certain distinct nuances, today it is easy to 
see that the movement and development of both these types of international division of labor is tending towards a unified 
whole, although it still contains contains many complex contradictions created by the diversity of the world economy. Along 
with the process of globalization and regionalization of the world economy, the strong effects of the scientific and 
technological revolution have accelerated the international division of labor to an unprecedented level of depth and breadth. 
The more specialization develops, the stronger the cooperation relationship, which is the basic feature of the international 
division of labor today. 
In the process of expanded reproduction, due to the objective requirements of the socialization of productive forces, countries 
are increasingly closely related and dependent on each other. The exchange of capital, the exchange oftrade, therefore, is 
increasingly rich. The development of modern information systems, especially microelectronic information technology, and 
the development of transportation have created conditions for the international division of labor to develop more and more, 
increasing the process of globalization of the world economy and the lives of peoples. The strong development of transnational 
companies highlights the unity of world production. 
The internationalization of production inevitably leads to all kinds of economic linkages. The development of science and 
technology along with the transfer of capital and technology from industrialized countries to developing countries have helped 
many countries become newly industrialized countries with sufficient economic potential to return to the world. compete with 
industrialized countries. The birth of a series of state economic unions in regions, economic organizations on all continents, as 
well as economic cooperation and alliances of various forms have marked the division of labor. deep labor and unprecedented 
scale of development. 
The main reason for the exchange of trade between countries on the same product is the variety of different brands of that 
product, which will bring satisfaction to the needs of consumers. there are differences in form, design, price. For both 
producers and consumers, it is possible to find the basic benefits of commercial development in the industry such as satisfied 
consumers. demand to choose from among many different brands of the same product in the industry. Industry trade offers a 
significant economic advantage through the extent to which each country specializes in the production of a particular brand of 
product in the industry, and then trades them with each other through international trade. In fact, instead of the previous 
situation, each country must try to produce small quantities of all brands in the industry. 
We have seen above that the benefit of commercial development in the industry is the economies of scale resulting from the 
production specialization of a single brand of product in the industry. For countries with an open and small-scale economy