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Advantages Of Technology In International Trade
Part one of term paper
Technology plays a major role in international trade. Databases,
overnight delivery and faxes have opened the world market to not only larger
companies but small ones too. To add to this globalization, companies and even
competitors are combining and forming alliances to cut cost and increase the
profit margin. Chrysler, General Motors an ...
Part two of term paper
... Agreement on Tariffs and Trade have taken the
incitive to move towards the liberalization of international trade. GATT
members agreed to reduce tariff and non-tariff trade barriers. From 1986 to the
present due to GATT's lead many markets have been open to the United States
increasing exports and increasing efficiency through competition.
One of the most aggressive liberalization groups to follow GATT's lead
is APEC (Asian Pacific Economic Community). APEC consist of 18 countries that
account fo ...
Word count: 646 | Approximate pages: 3
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