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What benefit does trade bring?

Trade has helped increase the number and quality of jobs in developing countries, stimulated economic growth, and driven productivity increases, But for the World Bank Group to achieve its Twin Goals of ending extreme poverty and boosting shared prosperity, the benefits of trade must be extended to the poorest and most vulnerable.

How does trade benefit a country's economy?

International trade brings a number of valuable benefits to a country, including: The exploitation of a country’s comparative advantage, which means that trade encourages a country to specialise in producing only those goods and services which it can produce more effectively and efficiently, and at the lowest opportunity cost.

Do we benefit from trade?

Trade keeps our economy open, dynamic, and competitive, and helps ensure that America continues to be the best place in the world to do business.

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