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International trade is the exchange ofgoods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs, which would then result in an increase in the price. Trading globally gives consumers, countries the opportunity to be exposed to goods and services not available in their own countries.