What is the study of international trade?
International trade involves the exchange of goods and services between nations or organisations within those nations. It involves a combination of international relations, economics, law, finance and politics.
International trade provides the foundation for economic survival in many nations. Thus, it forms a vital part of many countries’ political and diplomatic strategies.
This sector involves the interplay of representatives from various spheres, and from various backgrounds and localities.
Government advisors, international business executives and legal personnel all play a role in facilitating efficient, effective and peaceful economic trade.
International trade requires a broad knowledge base, as you are required to be across the finer points of both political and economic theory relevant to multiple countries. Hone your research skills as you learn to interpret policy from around the world.
Understanding global supply chains is crucial to international trade. You’ll learn to analyse the interactions between designers, manufacturers, suppliers and consumers to understand and predict disruptions. Become a solutions-oriented individual as you strive to facilitate the smooth exchange of goods and services in sometimes challenging global climates.
Those who study international trade are heavily focused on the economic impact of their work. However, in a globalised world, the social and cultural impact of economic trade has also come to the fore. You’ll have the skills to analyse trends in global trade and propose strategies that account for new ideas.
As the world becomes increasingly interconnected within every stage of the global supply process, the field of international trade is likely to continue to grow. Embrace new and emerging opportunities to have a global impact in this expanding sector.
What do those working in international trade do?
When you work in international trade, advanced communication, interpersonal and diplomacy skills are highly regarded.
As an international trade specialist, you may find yourself assisting with or leading trade negotiations between nations. You’ll draw on your knowledge of various negotiating strategies and understand the importance of successful international trade on economies, politics and even social agendas.
International trade relies heavily on the principles of economics, and indeed the two are often studied together. You must be across theories of international trade, commercial policy and open-economy macroeconomics. Your analytical and decision-making skills could lead to arrangements with the potential to deeply influence regional development.
Those with a passion for the business side of international trade may find themselves working for a multinational corporation. In a role such as this, you’ll use your interpersonal skills to succeed in tenders for the production and/or distribution of goods and services around the world. Your analytical skills will see you devising strategies to improve the efficiency or profitability of your enterprise.
With a specialisation in international trade, you could also find a position advising on a company’s strategic development. Strong communication skills are vital, as you work closely with business executives and leaders. You may also choose to branch out and become a consultant in the field of international trade, an opportunity that could take you all over the world.
Opportunities also exist within international organisations. A role with the Organisation for Economic Cooperation and Development, or the World Bank, for example, could empower you to use your studies to make a difference to global trade. Whether you work on creating international policy or advise nations on their legal obligations, you’ll get a truly globalised look at your field of specialisation.
What jobs are there in international trade?
International trade can provide a wealth of opportunities, particularly across the fields of international business, politics and economics.
Studying international trade at JCU equips you with the knowledge and skills to excel anywhere in the world. Embrace opportunities to work for governments, multinational corporations and international organisations.
JCU graduates have the analytical and interpersonal skills to flourish in multiple industries. You may find your place immersed in the operations of an international business, working in policy development or advising businesses. With so many sectors contributing to the global supply chain, you’ll have scope to find the field that suits you best.
With a JCU Bachelor of Commerce, majoring in International Trade, you could take up positions including:
- Trade negotiator
- Chief financial officer
- Trade analyst
- Strategic analyst
- International business consultant
- Supply chain manager.
Why study International Trade at JCU?
International trade requires a well-honed mix of analytical, communication, interpersonal and diplomacy skills. You will also need to be across the foundations of economics, politics, international relations and law.
The world-class lecturers at JCU have extensive industry experience and will empower you to develop the knowledge and skills required for success. With access to real-world based scenarios and case studies, you’ll work both individually and collaboratively to problem-solve and propose solutions to global issues in International Trade.
JCU’s small class sizes mean you’ll benefit from personalised learning and one-on-one engagement with your lecturers. Explore opportunities to gain experience before graduation with the JCU Work Integrated Learning program, as well as other internships and industry networking events.
Gain an international perspective by taking advantage of JCU’s study abroad options. Depending on your degree and majors, you could get a hands-on perspective on international trade and relations from JCU’s partner universities in one of over 20 countries.
Combine work, study and family commitments with JCU’s flexible approach to learning. Study international trade online or on-campus. With a Bachelor of Commerce, you can choose the study path that suits your unique context best.