Trade and Economies
Trade and technology can be directly correlated with each other; the more technology increases the more trade occurs at a more efficient rate. This has been stated many times before, but what about when we relate these new technologies with the economies and countries that utilize them.
Trade and Economies
Trade has long been used to connect the globe, it results in an exchange of goods, culture, and services. This has long been the normal routine of global trade, but as technology has advanced, more trade has been done through an internet medium and countries that are still developing have missed out on this new form of trade.
Trade and Economies
Trade has long been used to connect the globe, it results in an exchange of goods, culture, and services. This has long been the normal routine of global trade, but as technology has advanced, more trade has been done through an internet medium and countries that are still developing have missed out on this new form of trade.
Economic Partners
Countries that are behind the curve in the terms of internet capability have had look for other ways to catch up with the internet dependent trade system. One way economies have been able to negate the impact of new technologies is by creating relationships with other regions who do. This can be seen by, “These states need to join with emerged and emerging states to foster and develop the interloped and interdependent cross border relationships born out of the twentieth century” (Patterson, 186). In other words, the countries that are already enjoying the success of new technology in trade, need to look back to the twentieth century when countries didn’t have this technology and relied on each other. Countries should work together to achieve a global trade network that will include all countries no matter how reliant on technology they are.
Future Outlook
As trade will develop to more advanced technology the countries who are left behind will face a challenging uphill battle to catch up with the rest of the world. This should be prevented by combining with countries who have the technology already. This would result in a more inclusive trade network that involves everyone not just those who have the technology and not the goods.
Citations
Patterson, D. M., & Afilalo, A. (2010). The New global trading order: The evolving state and the future of trade. Cambridge: Cambridge Univ. Press.
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