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Essay / Research Paper Abstract
This 3 page paper examines some of the drivers that have supported the increase in international trade. The writer looks at the drivers and motivators for international trade taking place including the concept of comparative advantage. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEwhyint.rtf
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Unformatted sample text from the term paper:
the 20th century and come to the fore on effect of globalization, the foundations of international trading go back millennia. There are many examples of artefacts found that indicate trade
taking place, from the Beaker People of the Neolithic to the Easter Islands in the Pacific. Therefore, there have been a number of motivations and drivers present which may be
argued as evolving as knowledge and technology has evolved. Colonization was a major driver for international trade with explorers bringing back new foods
and other items from new areas, with the idea of new goods and the desire to try different products which came from different parts of the world is not only
a desire for new experiences, utilization of international is also a status symbol, as seen with goods such as spices and sugar. However, there have always been some difficulties in
terms of into the fray A constraint in the past were the difficulties of transporting goods, this limited the amount that could be
exported or imported. As the 19th and 20th century progressed transportation as well as communication technology improved driving forward the demand for goods. There has been an exponential increase in
international trading, with goods changing hands more than in the past, whereas the actual global output has grown at a more stable rate. Between 1950 and 1994 the output increased
by more than five times but the level of trading increased disproportionately with 14 the amount of trade taking place in 1994 than in 1950 (Trade point, 2003).
The idea of international trade is motivated by a number of factors. The ability to gain new goods, such as material, foods and even drugs
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