Competition In International Trade: Separating Fact From Fiction

In international trade, the real competition is between business corporations, not between countries. I would guess that U.S. President Donald Trump would disagree with such a statement, so would many politicians and government officials who make promises that their leadership could make their countries great again by winning in international trade. They are wrong.

Of course, countries compete in international relations in terms of power and influence. In extremis, they compete with military forces. However, international trade is, as the saying goes, a whole different ball game.