Explain the three types of movement or flows within international economic exchange. -SST 10th

1 Answer

Answer :

(i) The first movement is the flow of trade of goods.  (ii) The second movement is the flow of people migrating in search of employment.  (iii) The third movement is the flow of capital in terms of short-term and long-term investments done overseas.  (iv) Flow of goods and capital was smoother than the flow of people. All three were benefitted by the exchange of ideas.  India: Migration of indentured labourers; trade of cotton textile.  Europe: Selling of Manchester goods in India.

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