98.3k views
4 votes
How does globalization affect trade and the source of products? What three developments make this possible?

1 Answer

4 votes

Final answer:

Globalization increases the availability of products globally by improvements in transportation, enhancements in technology, and international trade agreements; these developments decrease costs and enhance economic interconnections.

Step-by-step explanation:

Globalization affects trade and the source of products by increasing their availability across international borders and creating a more interconnected global market. Three key developments enabling this are:

  1. Improvements in shipping and air cargo that have reduced transportation costs, making it more economical to trade goods globally.
  2. Innovations in computing and telecommunications that have facilitated the management of long-distance economic connections, such as production and sales, at lower costs.
  3. International agreements and treaties that have been established between countries to promote and encourage greater trade.

These cutting-edge changes in technology and policy have transformed how products are sourced and sold, having a profound impact on global commerce and connectivity.

User Zmofsx
by
7.8k points