According to Enrique Cornejo Ramirez (1996), defines trade as “… the exchange of goods and services between residents of different countries.” Additionally, the author cites some definitions of other authors, such as, “Some authors such as Francisco Mochon Spanish professor, international trade defined as:” … the exchange of goods, services and capital between different countries. ”
Samuelson and international trade Nortdhaus defined as “… the process by which countries import and export goods, services and financial capital ….”
In the same vein, Sotelo proposed as a definition of international trade: “… the exchange of capital goods and consumer goods and services among politically independent states or residents themselves.”
Other concepts related to international trade are exports and imports, according to INEI, exports “are transfers (sale) of goods or services of a resident of the country concerned, a resident of another country..”
While in the Glossary of Economic Terms of BCRP, the following definition: The export is the “transfer of ownership of the goods or provision of services produced by an economy resident to another non-resident. Sales of domestic products (goods and services) to a foreign market.. ”
With regard to imports , the latter document notes that the introduction is the “transfer of ownership of the goods or providing services produced abroad to residents of an economy. Purchase of products (goods and services) to a foreign market.. “
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