ABSTRACT
Due to tile differences found in the
natural environment of resource level in different countries, the concept of
specialization was given rise to which led to the concept of exportation
business in the different countries. According to Nzotta (2004), countries are
characterized by difference in tile level of endowment of natural resources,
human and capital resources and technical know-how available to them. Some countries
have an adequate level of sonic or 4, all of these resources, while most others
lack some or all of these resources necessary to ensure economic growth and
high standard of living for their citizens. Thus, they must engage ill Some
form of trade across to tile national boundaries in an attempt to gain access
to the resources (natural, human, capital and technical) which they require to
sustain economic growth. Nzotta, also went on to say that international trade
(export) entails lie cited of trap in goods and services across boundaries.
It is note worthy that trade between nations can only occur if it is possible
to exchange the currency of one nation for that of another.
NWOKOCHA, K (2021). The Role Of Financial Institutions In Export Financing. Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-financial-institutions-in-export-financing-7-2
KELECHI, NWOKOCHA. "The Role Of Financial Institutions In Export Financing" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-financial-institutions-in-export-financing-7-2. Accessed 23 Dec. 2024.
KELECHI, NWOKOCHA. "The Role Of Financial Institutions In Export Financing". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Jul. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-financial-institutions-in-export-financing-7-2 >.
KELECHI, NWOKOCHA. "The Role Of Financial Institutions In Export Financing" Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-financial-institutions-in-export-financing-7-2