Why Do Countries Trade? | Introduction & Overview | The Global Economy | IB Economics Exam Review

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[@noranel-sherif1263]

Great, helpful (simplified) video.. Listing the points was even more powerful... Many Thanks!!!

[@gangberry1317]

THANK YOU SO MUCH FOR THIS SERIES!!!

[@TwenOalley]

Thanks for the video :D subbed

[@Kids-lf8pm]

Thank you, very informative!

[@BradCartwrightEconomics]

Glad it was helpful!

[@ayodeletube4177]

Thanks soooooooooooooooooooooooooooooooooooooooooo much for this video I needed it soooooooooooooooooooooooooooooooo Much for a social-studies project on the last minute thank you sooooo much!!!!!!!!😀😀😀😀😀😀

[@BradCartwrightEconomics]

Ha! I'm so glad it worked out! Good luck!

[@charlesbrightman4237]

A SERIOUS PROBLEM WITH TRADE AS IT IS NOW: (Based in part upon the 'solution' at the bottom of the page at about 6:10 in the video, basically thinking about each country having their own currency that things have to be bought and sold in). a. Let's take a country that does not have many goods and/or services to export. They are highly dependent upon others for possibly their very survival, or at least their quality of life, which may have been altered due to natural and/or man-made reasons. What are they supposed to do? Possibly die? Possibly live a lower quality of life barely living? How are they ever going to have 'balanced trade' with other nations? Exactly what kind of world do we want to live in? Let them suffer and die as long as they don't do it around us? And then, what if when the climate shifts as the 6th mass extinction event occurs this century and maybe 'us' becomes 'them'? They let 'us' suffer and die as long as we don't do it around 'them'? What goes around might just come back around? Basically, do we treat others how we would like to be treated if the roles were reversed? Again, what kind of world do we want to live in while we do all exist? (And consider also that life itself is all ultimately meaningless in the grandest scheme of things anyway. We are all going to die one day from something, we are all going to forget everything we ever knew and experienced, and we are all going to be forgotten one day in future eternity as if we never ever existed at all in the first place. Or so the current analysis would seem to indicate.). But still, how exactly do we, individually and as a larger society of individuals, want to exist while we do all exist? We do have choices, with all the consequences and ramifications, seen and unseen, of all of our choices.

[@kirkruck8875]

Interesting. Very interesting.

[@charlesbrightman4237]

@@kirkruck8875 You might then also like this copy and paste from my files that at a minimum those who run governments should answer the enclosed questions: Consider the following: (Whether human, AI, or other species): We appear to be individuals in a larger society of individuals. Whether it is an individual human in a larger society of humans, or an individual AI in a larger society of AI's, or an individual in a larger society of all species in existence throughout all of existence. What is 'best' for an individual, may or may not be what is 'best' for the larger society of individuals. And conversely, what is 'best' for the larger society of individuals, may or may not be what is 'best' for the individual. But, if a decision had to be made concerning a certain topic, of who's 'best' should take precedent over the other's 'best', who's 'best' should take precedent? If for an individual, which individual? All individuals? If for a larger society of individuals, which larger society of individuals? A certain group? A certain nation? A certain species? All species in existence throughout all of existence? And who decides? And by what authority do they and they alone get to decide? Should I decide how you should exist? Should you decide in how I should exist? Should others decide how we both should exist? Should we decide how others should exist? And who even decides in how to decide? And by what authority do they and they alone get to decide? And whatever is decided and by whom, there might be entities who are being forced to exist how they do not want to exist, which could be a source of animosity, which could lead to further violence and death. This whole natural tension between the individual and the larger society of individuals, who decides, and by what authority they and they alone get to decide, is the cause of much strife, suffering and death in this world. But still, while we consciously exist, how should we, individually and as a larger society of individuals, exist while we do exist? How should we help take care of the young, old, ill and needy, if even at all? How would we want to receive help should we be individually young, old, ill and/or needy, if even at all? How should those be treated who are being forced to exist how they do not want to exist? How should we treat others if we are being forced to exist how we do not want to exist? And who decides? And by what authority do they and they alone get to decide? And where does the money and resources come from to do what we would like to do for how we would like to exist while we do exist? It's all basically about who is in control, so as to make the decisions, for who's benefit. With all the consequences and ramifications, seen and unseen, of all of our collective choices. Then we all will still die in the end one day from something, we all will still forget everything we ever knew and experienced, and we all will still be forgotten one day in future eternity as if we never ever existed at all in the first place, regardless of how we all existed while we existed. An entity truly exists throughout all of future eternity, or they don't. It appears we don't in actual reality, and as such, all of life itself is all ultimately meaningless in the grand scheme of things. Death is freedom from life and eternal death awaits us all. Or so the current analysis would indicate. Eternal Death 'IS' Eternal Peace. (OSICA) (And note, those who cannot, or choose not to, face the above apparent reality, often delude themselves with fairy tales of alternatives).

[@kennethisaac233]

How do you intend to solve this? The only idea is to create an international currency and a body that every central bank is part of. Problem is how do you intend to do that for the entire world? I see the EU as inspiration and more blocs can be created and those blocs can come together in an agreement to create the international currency. Then you might the problem of someone leaving the agreement causing instability.. maybe. But the main problem right now is the US and apart from the US, the current economic order i.e is there a way to move to this system without a global collapse? The BRICS Bloc can really make a breakthrough but I have no idea when. But the current system seems to work in a way that creates global cooperation and that needs to be replicated in any new system. I'll love to hear your thoughts.

[@charlesbrightman4237]

@@kennethisaac233 Even 'if' a global currency were to exist, how are poorer nations supposed to survive 'if' they don't have anything to sell to the rest of the world? Does the rest of the world just let those poorer nations suffer and die because they are poor and have nothing of real value to offer the rest of the world? "IF" an alien species came to this Earth, should they just let Earthlings die and go extinct because Earthlings don't know how to travel the universe? "IF" all Earthlings are going to die and go extinct one day anyway, none of them are really 'saved' in the first place, they would all just be delaying the inevitable. But still, how do we all want to exist while we all do still exist, even though it appears by analysis that it does not even matter than any of us exist, much less how we exist? It appears we were all destined to die and go extinct even before we came to be. But to answer your question: "How do you intend to solve this?", it depends upon how we answer those questions in the post I made to 'Kirk Ruck' before yours 1 year ago as of this post. Also: Currently, the one singular ultimate answer to ALL questions in existence, including questions never even asked is: "It Does Not Ultimately Matter", or in today's vernacular "IDNUM". (OSICA)

[@charlesbrightman4237]

A SERIOUS PROBLEM WITH PRODUCTION AS IT IS NOW: (Based in part on 'economies of scale' at the top of the list at about 7:18 in the video). Sure, while 'economies of scale' would increase production, even potentially utilizing machines and robots to do the production, and maybe even AI's one day to replace management at all levels, what happens to all the people who lost their jobs? How do they continue to have a certain quality of life or even possibly survive? What kind of world do we want to exist in while we do all exist?

[@kanontongsamui7987]

Great!

[@BradCartwrightEconomics]

Cool, I'm glad you. liked it. Good luck

[@sahi.718]

Ok bro we get it you live in Santiago Chile

[@alebuller8122]

This is awesome, very well explained.

[@BradCartwrightEconomics]

Cool! Thanks for the comment. Enjoy the rest of the series!

[@lisamarfoy9284]

eng sub?

[@siyachug6677]

Sir i siya from indiaaaa studies from your channel

[@joseandresmeraz8752]

Are you talking about rich countries only?

[@BradCartwrightEconomics]

Nope, any country, developed or developing.

[@LijAbe-vu6fj]

Ching is language

[@WorldExplorerIndia]

👌👌👌👌👌

[@LijAbe-vu6fj]

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