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Essay / Research Paper Abstract
This 3 page paper considers the impact of technology on trade and the international economy over the last one hundred and fifty years. The paper considers the different influences of different technologies before concluding which has had the greatest impact. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEtechit.rtf
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Unformatted sample text from the term paper:
century, but innovations that have impacted on trade and increased internationalisation may be seen as impacting for much longer than this. In general terms globalisation has been facilitated by three
aspects of technology, increased levels of communication, the ability to transport goods more speedily and also the increase spread of information. Each of these has had a major impact on
trade. In looking back over the past one hundred and fifty years, global trade may have increased dramatically. The actual levels of proportion have increased relatively steadily, but the
level of trade that takes place globally has increased disproportionately with more goods moving between countries (Nellis and Parker, 1996). For trade to take place there has to communication. Therefore,
the first major influence in intentional trade may b see as the telex that then lead to the development of the telephone. For the first time people could talk to
each other across continents. This facilitated trade in a way impossible when trade relied on the written word. The ability of the parties wanting to undertake trade being able to
speak directly increased the are. However, this also increased information flow. With the ability of information to flow between countries there was an increased public awareness of the situations in
different countries. The communication aided news to move more rapidly, this was both political as well as commercial new. This facilitated international investment, with an awareness of the conditions of
other countries, such as the ability to gain a competive advantage or source new goods, and also stimulated demand. The actual business strategies were no different than before, the search
for new or better ways of creating profit. The proliferation of newspapers increased demand for goods and also facilitated mass advertising. It is not coincide that the beginning of the
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