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International trade became possible due to advancements in transportation and communication technologies, which facilitated the movement of goods across borders. The establishment of trade agreements and economic policies also played a crucial role in reducing barriers to trade. Additionally, the rise of global markets and the specialization of production allowed countries to focus on their comparative advantages, further enhancing trade opportunities. These factors combined created a more interconnected and interdependent global economy.
What else can I help you with?
How have improvements in transportation made international trade possible?
trade veihcles
Role of banks in international trade?
International banks play a very important role in international trade. Banks make the transfer of money possible between international trading partners.
All the possible alternatives that are rejected when a choice is made?
Trade-Offs.
How specialization affects international trade?
How specialization affects international trade?
What change in shipping practices made international trade easier?
Using ISO containers worldwide
How have improvements in transportation made international trade possible?
trade veihcles
What makes international trade possible and growing with time?
because its possible that easy!
Who made it illegal for corporations to interfere with free interstate or international trade?
The Sherman Antitrust Act made it illegal for corporations to interfere with free interstate or international trade.
What accomplishments made it possible for the Arabs to begin to take part in the caravan trade?
The accomplishments that made it possible for the Arabs to begin to take part in the caravan trade was the camel. The camel made it possible for Arabs to populate more of the desert. By populating more of the desert, trade routs developed making the caravan trade possible.
What international trade organization has about 149 members?
The international trade organization with about 149 members is the World Trade Organization (WTO). The WTO was established in 1995 to regulate international trade and ensure that trade flows as smoothly, predictably, and freely as possible. It provides a platform for negotiating trade agreements and resolving disputes between member countries.
What had made international trade flow smoothly?
Valuing currencies in terms of given amounts of gold, however, had given currencies stable values that made international trade flow smoothly.
What law made it illegal for corporations or trusts to interfere with free interstate or international trade?
The Sherman Antitrust Act made it illegal for corporations or trusts to interfere with free interstate or international trade.
Which statement best explains the effect of international trade on American Industries?
Increased overseas trade meant that American jobs were more dependent on world events.
What accomplishments made it possible for Arabs to begin to take part in the caravan trades?
The accomplishments that made it possible for the Arabs to begin to take part in the caravan trade was the camel. The camel made it possible for Arabs to populate more of the desert. By populating more of the desert, trade routs developed making the caravan trade possible.
What international organizations is now responsible for developing and Maintaining the system of international trade rules and dealing with trade disputes?
The World Trade Organization (WTO) is the primary international organization responsible for developing and maintaining the system of international trade rules and addressing trade disputes. Established in 1995, the WTO facilitates trade negotiations, monitors trade policies, and provides a platform for resolving trade conflicts among member countries. Its goal is to ensure that trade flows as smoothly, predictably, and freely as possible.
How do you trade from Sapphire to gold?
That's not possible because gold was not made to trade with sapphire because sapphire was made after gold.
What prohibits trade or products made from threatened or endangered species?
CITES - the Convention on International Trade in Endangered Species.
