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ISSUES AFFECTING
INTERNATIONAL TRADE
BUSN201 – Assignment 1
Connor Bourne – S00247975
Spyridoula Konstandis – S00228919
Aim
The purpose of this essay is to examine how recent events such as Brexit and the rise of
populism in Australia and other Western countries are linked to the broken promises of
international trade.
Introduction
International trade is the trading of capital, merchandise, and services across universal
territories or borders, also known as the procedure of import/export. Global exchange has
been increased in the last century due to the rise of globalisation of companies and brands.
This has long been assumed to increase peoples living standard but is now being threatened
by the rise of populism and protectionism from developed countries, to skew the benefits of
world trade away from developing countries, which increase the worlds inequality (Oxfam,
2001).
Brexit in the UK and other populist parties across Europe and the Western world have arisen
in response a growing discontent regarding globalisation and immigration (Harcourt, 2016).
