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Trade is a vital economic activity in a country. It is an injection to the national flow of income. When trade is carried out internationally, the global marketplace is created. This global marketplace ensures that there are little or no trade barriers within the nation’s trading. Trade liberalization is a boost to trade as it increases the market for goods and services. Nations are required to adhere to the principle of comparative advantage so as to fully enjoy free trade (Lane & Maznevski, 2014). The principle of comparative advantage states that a country should specialize in producing goods and services that are efficient, that is, that have low opportunity costs. This not only increases the economic welfare of a country but also encourages specialization. One of the advantages of the global marketplace is that it enables consumers to enjoy diverse goods and services. The nations within the global marketplace also enjoy economies of scale, that is, the cost advantages increase. Globalization also increases the mobility of workforce and external resources. This enables employees to look for greener pastures in other countries. As for external resources, it increases the market which they should be traded at. As the number of the market increases, the revenue realized also increases significantly. Due to globalization, there may be a diffusion of prosperity in the global(2027words)