Why has trade become a necessary element of each economy at present?

Even though it may be considered as a quite positive tendency, as there is additional demand for our commodities, we are recommended to also keep in mind that it also has its harmful sides. One of the most crucial is referred to the fact that the countries have never been so dependent on each other as they are these days. This implies that financial crisis in one country is considerably more influential on situation in other state than ever in the past.

To illustrate above mentioned thesis let’s go back to the year 2007, which is known to be the beginning of the economical crisis. The reason why it has begun is related to the fact that the American banks have decreased the safety standards, which resulted in increasing interest on various bank loans. This has resulted in the fact that substantial amount of money was given to people, who were unable to pay the rates, which implied that the supply level of estates in USA has reached top level. This resulted in minimalization of their cost and, owing to series of connotations, it has also considerably impacted the field of trade.