Question

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. International trade agreements such as the General Agreement on Tariffs and Trade (GATT) Improvements in telecommunications Changes in exchange rates Better high-speed rail lines

Answer 1

International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Improvements in telecommunications

Step-by-step explanation:

International trade agreements helped to increase world trade since it lowered trade barriers and facilitated trade by imposing common rules.

Improvements in telecommunications and specially the internet in the last years, facilitate trade, help to build trust among traders, and help to make trade easier.