The Evolution of International Trade

 

Since the beginning of civilization, trade has been a practice carried out naturally between human groups. With the passing of time, this trade evolved and become an increasingly sophisticated process, optimizing the interaction between its participants. Ari Afilalo, an expert in international trade has been analyzing the essential factors in the evolution of international trade for over three decades.

With this evolution, the need arises to exchange goods and services in a context other than the regional one; that is to say, worldwide. This is how the concept and importance of international trade arise, which is understood as the commercial exchange between different countries, seeking to satisfy the needs and demands of their markets.

Scientific and technical knowledge have always been the most important factors underlying economic progress, so the basis for the adjustments of the structure of world trade which will in any event be necessary is already available for us to build on.

The importance of international trade in the world has been widely studied as it examines the role of international trade in the various issues. Most of the research carried out by Prof. Ari Afilalo is focused on the relationship between Economic Development and international trade. Bellow, Mr. Afilalo discusses the main advantages of international trade.

What advantages does participating in international trade offer countries?

Participation in international trade or foreign trade allows countries to have multiple advantages that result in the strengthening of their economy. Here Ari Afilalo, a tenured Professor of Law tell you what they are:

Better use of resources

One of the benefits that countries obtain by participating in international trade is to improve their productive efficiency, as well as a better use of their available resources, managing to optimize production costs, generating employment and, consequently, growth in the economy. .

 

Lower production costs

For products that have a high production cost due to the lack of some resource, international trade allows importing these products from countries whose production of these products is cheaper.

 

Access to a greater variety of goods on the market

With the globalization of markets, the entry of new companies, products and services in foreign markets is facilitated, giving us easy access to products that otherwise could not be acquired in a market.

 

Job creation and growth of the economy

One of the great benefits of foreign trade is the creation of jobs, which translates into growth in a country's economy; This is thanks to the fact that it allows trading not only in the local market, but also internationally.

Marketing of surplus products.

International trade allows all surplus goods to be traded in foreign markets when the production of these products exceeds local demand.

According to Ari Afilalo, international trade offers a consumption possibility frontier that can give us more of all goods than can own domestic production possibility. The extension of foreign trade, will very powerfully contribute to increase the mass of commodities, and therefore, the sum of enjoyments.

How to Grow Your Business with International Trade?

 

To talk about the advantages and disadvantages of international trade, it is important to understand that the impulsiveness of the human being is a trait that is given to us by nature. It is something that we must accept to gain control over our actions. In the business world, we find quite frequently that idea or need of having to act quickly to achieve success.

Among the frequent errors that occur when internationalizing a company, we find the fact of underestimating the process itself. No, we are not facing a bed of roses that only brings good news and good dividends for those who bet on it, but rather a strategic marketing decision that can make our company grow a lot or end up causing a fatal blow.

If you’re just breaking into the world of exporting, this article might be just the thing you need. Bellow, law professor and international trade specialist Ari Afilalo is offering his 5 tips for utilizing trade missions to grow your business.

What are the advantages of international trade?

If we get practical, knowing the disadvantages and benefits of international trade is "easy", in the end it is just another market strategy. Raise our company to a larger showcase? It may be one way of looking at it, but we must not forget that greater exposure also carries greater risk and higher costs.

For Ari Afilalo, this is where the key to success in internationalization lies, knowing how to anticipate the advantages and disadvantages of international trade.

Improve our competitiveness

Betting on international trade expands the limits of our market. One of the possibilities coupled with this circumstance is the fact that we will be able to count on suppliers that offer more competitive prices than those found in our local market.

Generator of employment

If we look at the foreign companies with which we will have to collaborate to carry out our internationalization strategy, we can think that our collaboration will cause an increase in the volume of work for these companies and, therefore, a theoretical increase in employment.

Attraction of new investors

As Ari Afilalo has previously mentioned, if international trade means having a larger showcase, we also have to understand that this greater showcase can attract new investors. Especially if, by making use of new international agreements, we improve our competitiveness and increase the value of our product.

Higher efficiency, higher profits

If we succeed in executing the previous three points in a profitable manner, it seems inevitable that we will improve the competitiveness of our company and, therefore, increase profits.

Ari Afilalo Analysis of International Law

There are many problems we cannot solve ourselves, no matter how powerful our nation or how committed our leaders. International law has emerged from an effort to deal with conflict among states, since rules provide order and help to mitigate destructive conflict.

In this article, Professor of Law Ari Afilalo discusses the origins of international law, and analyzes how international law has evolved in the past century, focusing on the individualization of international law. Finally, Ari Afilalo, a tenured Professor of Law at Rutgers Law School who specializes in international laws, examines some of the contemporary criticisms of international law.

International law began in 1648 with the Peace of Westphalia, which asserted the sovereign equality of states. Rules concerning the conduct of war (jus ad bellum and jus in bello) soon emerged, most famously codified in the Geneva Conventions of the nineteenth and twentieth centuries.

International law has been said to be indirect and incomplete, the first in relation to individuals, who only appear as mediated subjects through the direct subjects that are the States, and the second, by reference to the need that has to take advantage of the States and their legal order. Today, these criticisms are no longer grounded, because individuals are acquiring their own direct international personality and the international order, on the other hand, is creating its own international bodies, however rudimentary they may still be.

The problem that perhaps has been raised with more importance has been that of whether the norms of Public International Law are all of a device nature, or if there are some at least that have a tax or jus cogens nature, that is, if there are norms that have to be complied with by those obliged to do so, without being left without effect by their will. Today, after articles 53, 64 and 71 of the Vienna Convention on treaties, no one doubts that international law has rules of this nature, although the discussion has now moved to the specification of what these are.

Another question that Ari Afilalo explores is that of the relationship between this international norm and the internal systems of States, as the main subjects of International Law are these States, which, in turn, have their own legal system. Both doctrine and positive texts have given very different solutions to these relationships. For some authors, these are different legal systems, while for others, they are different manifestations of the same and only legal order, which translates into different systems to place international standards in internal state systems. The positive solutions vary greatly, depending on which international norms are involved - customary, conventional, etc. - and according to the open or more restrictive attitude that each state system adopts for this purpose.

Introduction to International Trade Law

The rapidity with which the economic and commercial institutions, on which our societies have been founded have evolved, has forced us to transform legal institutions to regulate in a more appropriate way the new social environment that such evolution supposes. Thus, in the field of commercial law, a vast community of economic operators have been consolidated, who in order to meet the needs of the general population and their own sector, have been demanding the development of their own and appropriate legal regime for International Trade Law.

Bellow, Rutgers Law School professor and specialist in international trade law, Ari Afilalo, explains the role that developing countries play in the current international trade.

International Trade Law and The Nature of State

The world is a huge marketplace, where trade laws govern and guide the consumer through various arrangements. Nevertheless, for a better understanding of the intricacies of the law, it is necessary that we look for an expert. Ari Afilalo is one of these experts. He has a worldwide renowned knowledge of international trade.

International trade has appeared in the fourteenth century. Since then, it has made enormous progress in many different ways. It began with silk and spices from China and has progressed with the commodities. Commodities were transformed into services with globalization. Thus the world became a global village.

Afilalo claims that it is necessary to improve the trade laws constantly in order to improve the limitations of the trade.