International Trade Simulation and Report

The topic on international trade can be absolutely complicated, and thus this paper is dedicated to all the aspects and issues involved in international trade. All the results and insights are from the seven members of a team. As an overview, this paper will include all the factors that have an impact on the foreign exchange rates as well as the absolute and comparative advantage of international trading. Moreover, the team also discussed the recent simulation conducted regarding the international trade, the results and the evaluation of the team members. Finally, the paper will elaborate on the role and the influences of the policy making body of the government and the World Trade Organization (WTO) on international trade.