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Advantages Of Technology In International Trade - Term Papers

Advantages Of Technology In International Trade

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 and Ford have formed an alliance in
research and development to avoid duplication. These alliances are not only
with domestic companies but they also go over national lines. Companies are
pushing for integration of the world economy in hope for increased profits and
governments are beginning to listen.
Since 1986 (GATT) General Agreement on Tariffs ...

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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%. China
will also cut a number of tariffs by 30%. Indonesia and other APEC members are
also reducing tariffs sharply. What sets APEX at the head of the pack leading
liberalization is it wiliness to extend benefits of membership to everyone.
APEX is willing to extend the benefits of cuts in tariff and non-tariff barriers
to all countries willing to make comparable cuts. This is a major incentive for
all countries because the Pacific Rim is the fastest growing market in the world
and large profits are to be made there.
To put these cut in trade barriers in perspective lets look at the
company Chrysler. Chrysler is introducing a right handed drive version of the
neon subcompact to the Japanese consumer. ...

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Advantages Of Technology In International Trade. (2006, August 12). Retrieved April 28, 2024, from http://www.essayworld.com/essays/Advantages-Of-Technology-In-International-Trade/50604

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PAPER DETAILS

Added: 8/12/2006 03:37:24 AM
Category: Economics
Type: Premium Paper
Words: 646
Pages: 3

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