What can I do with a Master in International Trade?
Thursday, 16 December 2021
Are business and commerce of your interest? Would you like a career in international business? Let’s see what you can do with a Master in International Trade.
International trade includes the exchange of capital, goods, and services across international borders or territories to meet the need or want of goods or services.
Thanks to globalization, it is possible for countries to exchange goods they can’t produce themselves from other countries so that every country benefits from each other.
Trade between different countries is an important factor in raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods.
Are you interested in studying International Trade? Keep reading to learn more about a Master’s degree in South Africa.
What is a Master in International Trade all about?
International trade students acquire a deep understanding of the international trade environment, together with an insight into export process/logistics through the use of present-day applications.
Master’s degree programs in international trade are designed to provide students with demanded skills in the analysis of trade databases, the identification of export opportunities and the estimation of economic models.
Typically, international trade graduates are in charge of the following tasks, among many others:
- Optimisation of business growth possibilities in other nations;
- Observation of the merchandising or sales investigations and their results;
- Formation and development of foreign trade associates;
- Compilation of policies, standard principles and regulations of trade goods and commodities;
- Analysis of data on various international or global merchandising, selling and sales styles.
Why is International Trade so important?
Thanks to international trade, the market is more competitive, which results in more competitive pricing and brings a cheaper product home to the consumer.
Main reasons why International trade is important:
1. Use raw materials
Some countries have abundant raw materials and, without trade, those countries would not benefit from the natural endowments of raw materials. Plus, other countries that lack those resources would not be able to acquire them.
2. Greater choice for consumers
In the real world, a driving factor behind trade is giving consumers greater choice of products. This way, consumers are able to choose what to spend their money on from a wide variety of products, brands and qualities.
3. Greater efficiency
For high value-added products, multinationals often split the production process into a global production system. Trade enables a product to have multiple country sources. With car production, the productive process is global with engines, tyres, design and marketing all potentially coming from different countries.
4. Global growth and economic development
International trade has been an important factor in promoting economic growth.
These are only some of the reasons why international trade is so important and why professionals in this field are highly demanded and rewarded for the importance of their job.
Do you want to work in the field of international trade? A Master in International Trade is the way to go! Click here to find the best programs available on our website.
If you need more information, you can also fill out the form on our website so that one of our advisors can contact you and answer any questions you may have.
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