Question

Factors that influence international trade

World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period.

Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.

-Better high-speed rail lines

-Increases in the global population

-Services such as web conferencing and teleconferencing that facilitate international meetings

-International trade agreements such as the North American Free Trade Agreement (NAFTA)

Answer 1

Better rapid rail lines which encouraged simple and quick transportation of products and ventures. furthermore it turned out to be anything but difficult to move these merchandise and enterprises to regions which were prior bnot open. This energized exchange and opened new markets for exchange.

• Services, for example, web conferencing and remotely coordinating that encourage worldwide gatherings. Media transmission offices empowered simple exchange offices and correspondence between two exchanging accomplices which radically decreased the expense of exchanges.
• International exchange understandings, for example, the North American Free Trade Agreement (NAFTA). The understanding decreased the obstructions and encouraged unprejudiced exchange between two exchanging accomplices