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Consider the role the internet now plays in international commerce. What are some of the similarities and differences between the internet and historic trade networks?

a) There are no similarities between the internet and historic trade networks.
b) Both facilitate the exchange of goods, services, and information across long distances, but the internet operates virtually.
c) Historic trade networks were less efficient than the internet.
d) The internet has no impact on international commerce.

User Sruli
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Final answer:

Both the internet and historic trade networks enable trade across distances; however, the internet acts virtually and efficiently with modern telecommunications, whereas historic networks were tangible and riskier. Globalization has been amplified by the internet, with it promoting the rapid spread of information, culture, and international cooperation on trade agreements.

Step-by-step explanation:

When considering the role the internet now plays in international commerce, it's important to recognize both the similarities and differences between it and historic trade networks. Both the internet and historic trade networks facilitate the exchange of goods, services, and information across long distances. However, while historic trade networks involved physical routes and transportation methods, today's internet operates virtually, with telecommunications enabling the instant, cost-effective transfer of information-based products and services such as computer software, financial advice, and travel planning.

Unlike historic trade routes, which could be inefficient and risky, the modern internet-driven commerce boasts high efficiency and lower transaction costs, thanks to innovations in computing and telecommunications that manage long-distance economic connections. Moreover, the internet has amplified the effects of globalization by allowing for high-speed communication and the rapid dissemination of culture and knowledge, which was not possible with historic trade networks.

Finally, international agreements and treaties have played a role in both scenarios. They have encouraged greater trade historically and continue to do so in the age of the internet, by creating favorable conditions for commerce across nations.

User Anurag Sundaram
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