Why has trade become an important element of each economy nowadays?

Although it can be considered as a quite positive tendency, as there is additional demand for our commodities, we ought to also not forget that it also has its harmful sides. One of the most meaningful is referred to the fact that the countries have never been so dependent on each other as they are currently. This proves that financial crisis in one country is substantially more influential on situation in other state than ever in the past.

To prove above mentioned thesis let’s go back to the year 2007, which is thought to be the start of the economical crisis. The reason why it has started is related to the fact that the American banks have decreased the safety standards, which led to increasing demand on diverse bank loans. This has ended up in the fact that plenty money was provided to people, who were unable to pay the rates, which indicated that the supply level of estates in USA has reached top level. This resulted in reduction of their cost and, owing to series of connotations, it has also visibly influenced the area of trade.