Advantages Of Technology In International Trade
Beginning of 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 th ....
Middle of paper
.... 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 for 1/2 of the worlds output. The three largest economies Japan, China
and the United States are members. APEC leaders are committed to achieving free
and open trade for the region by 2010. APEC is moving towards this goal through
many means including accelerating initial Japanese tariff cuts by 50%. C ....
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Word count: 646
Page count: 3 (approximately 250 words per page)
