Question

EXPLAIN THE THREE TYPES OF MOVEMENT WITHIN INTERNATIONAL ECONOMIC EXCHANGE . FIND ONE EXAMPLE OF EACH TYPE OF MOVEMENT, WHICH INVOLVED INDIA AND INDIANS.

Answer 1

Dear student,
The three types of movement within the international economic exchange are the flow of trade, movement of labour, and flow of capital for the long term as well as short term scenario. In British rule, cotton clothes were exported from India to the Western world mainly to the European countries which come under the flow of trade. The flow of labour depicts the movement of labour from India to other places as indentured labours like in the nineteenth-century thousands of Indians migrated to the Caribbean islands, Fiji to work in a sugarcane plantation. In the present day, the flow of labour is happening for job opportunities that are not forced but intentionally. The flow of capital includes the funds which financiers or trades used to invest in various countries. In the 19th century, the Indian traders and financiers like Nattukottai Chettiars, Shikaripuri Shroffs financed agricultural plantations of other countries of Asia, Africa from their funds.
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