Read the case given below and answer the questions given at the end.

CASE STUDY - 2
WHY NATIONS TRADE

While many countries may be able to clean self-sufficiency from the standpoint of foodstuffs, very few, if any, are able to provide all the goods necessary for a "modem" standard of living.

Questions:
1. Why Breton Woods conference of 1944 is so important in International Economy?
2. In this era of Globalization how has interdependence between nations increased?
3. Discuss the business opportunities and business challenges in the context of international trade.