Name three economic factors that influence international trade.

Three factors
that influence international trade include:

• Demographic
  change
• Technology
• Energy and other natural
  resources

Changes in demographics which include age, gender and
income in the global economy directly impact international trade. For instance, a countrys
ability to provide adequate labor is directly affected by the age of the majority within the
population. An aging population would produce less which would lead to a decrease in their
capacity to export their local products.

Advancement in technology affects
international trade through knowledge transfer and the improvement in operational efficiency.
The technological differences between different countries and regions also impact trade.
Technology has resulted in the introduction of goods that challenge existing products, forcing
countries to evaluate their output to ensure they remain competitive in the global
market.

Research and development in green sources of energy and oil/gas
exploration in developing countries is expected to impact international trade. This is because
the new energy sources would improve the industrial capacity of developing countries and provide
the developed countries with an opportunity to increase their production. Such developments are
expected to influence international trade especially with regards to
production.

href="https://www.wto.org/english/res_e/booksp_e/wtr13-2c_e.pdf">https://www.wto.org/english/res_e/booksp_e/wtr13-2c_e.pdf