What is International economics?
'''International economics''' is a field of [[macroeconomics]]. It looks at the effect of [[trade]] of [[Good (economics)|goods]] and [[Service (economics)|services]] between different [[countries]]. Generally, there's trade between countries, if any of the following is true: *Certain goods or services are legal, but not available in a country; [[Germany]] does not grow [[Banana|bananas]]. So bananas need to be imported. *The costs of production are different in different countries: It may be better to produce something in one country, and export it to another country. *A country has a [[compoarative advantage]] at producing certain goods. In the end, countries and economies are better off with [[specialization]] and trade. [[Category:Macroeconomics]]