Explain the issues and institutions related to international trade and economic development

International trade or foreign trade is an exchange of goods and services across international borders or territories. In most countries, it represents a large share of GDP. Hence, its vital importance to any country.

These risks and problems can be divided into large groups

Issues:  buyer's insolvency, late payment - the buyer's failure to pay the total within six months, currency fluctuations and related to economic sovereignty.

Some institutions that helps the trade to stabilized the exchanges are: World Trade Organization (WTO), International Monetary Fund (IMF) and United Nations Conference on Trade and Development (UNCTAD)

in 550 b.c.e. cyrus the great, the leader of the persians, conquered the medes and united the iranian people under one ruler for the first time. cyrus became the first king of the persian empire and went on to establish one of the largest empires in world.

it would be  

germany had to pay all damages related to the war.

and i think

germany had to take sole responsibility for the war.