Fundmntls of Intrntionl Businss Essay Example | Topics and Well Written Essays - 500 words

Fundmntls of Intrntionl Businss - Essay Example ctul tchnologicl dvlopmnts hv strong implictions for world trd nd output growth. Tchnologicl dvncs drsticlly rducd th trnsporttion nd tlcommuniction costs nd drmticlly chngd th structur of intrntionl trd in th sm tim. In fct, nw tchnologicl chngs lowr th nturl brrirs of spc nd tim tht sprt ntionl mrkts whil librliztion policis th rtificil brrirs to th intrntionl movmnts of goods, srvics nd cpitl. Tchnologicl dvlopmnt my b ccptd s th ngin of th conomic globliztion in th world. Th lvl of tchnology, brodly spking, cn b dfind s stock or combintion of our knowldg nd xprincs on production procss, product qulity, orgniztion of production nd mngmnt, mrkting nd srvics (Kibritcioglu, 1997). In ll countris, th primry xport sctor is mnufcturing industry, xcpt th Middl strn nd fricn countris which r rltivly rsourc bundnt nd hnc, xport minly mining sctor products or oil. Tchnologicl dvncs is th ky fctor in th growing volum of intrntionl trd of goods nd srvics. Tchnologicl gp btwn industrilizd nd dvloping countris s sourc of forign trd, on th othr hnd, my b closd ithr du to th continul dissmintion of informtion from th dvncd ons or both. Thr r mny intrntionl orgniztions tht fcilitt forign trd. mong thm th most importnt nd ctiv is World Trd Orgniztion.