Introduction International trade has of recent increased rampantly due to free flow of information across the borders majorly enhanced by good communication. With the rapid development of technology, many businesses have been endowed with the power to interact with overseas producers and consumers of different type of goods and services. Benefits of international trade International trade has a number of benefits. First, many countries get the chance to acquire what they do not produce and sell what they have in surplus. Some countries also get the opportunity to buy products at cheap prices as compared to the cost of manufacturing the goods domestically (Bhagwati, 2004). This trade has majorly been supported by relaxations of some tight policies imposed by most countries. The late inclination in the strength of communication through tools such as email address among others ensures business partners get in touch with each other in time. Delays caused by letters as for the ancient period is a history and no longer hold any logic. International trade also gains some benefits through its extension to the financial market (Fingerand & Schuknecht, 1999). Financial market involves buying and selling of foreign currencies due to several reasons such as anticipation of the future rise in the value of the currency. The market also comprises investment in foreign market securities such as bonds and shares. A deep insight in the international trade reveals that some members have benefitted while others get hurt. Often, research reveals that developing nations have able to gain in terms of technology. The discrepancy that exists between developing nations and developed nations is quite wide and only international trade that can act as solution. Most of the technologies applied in the industrial sector by developing nations are acquired from developed nations (Bhagwati, 2004). These technologies are fundamental in production efficiency. This efficiency is what leads to high quality products. Technology has also helped to solve the time issue during production processes. With the launching of computers in developing nations, supervision and management of many businesses have been made easier. On the other hand, developed nations are able to outsource cheap labor from developing nations. They additionally get the chance to dispose their surplus products. This has further enhanced their production capacity in their countries. Foreigners are also availed with the chance to invest in other countries economy. This has seen several multinational companies increase their level of profits. Disadvantages of international trade Recent confirmations have pointed out a number of setbacks concerning the international trade. Both developed and developing nations accused bodies that control international trade including World Bank, International Monetary Fund and World Trade Organizations for the exploitation by some countries. This has led to several debates of whether a nation gains or losses after participating in the international trade. Some countries such as the U.S.A. perceive international trade as weighing more on the negative than on the positive side. As much as it was able to sell its industrial goods to most countries, recently, many countries especially from Europe began to import cheap products from Asian countries such as Japan and China. With the help of cheap labor and latest technology, t