Advantages Of Technology In Internation Trade

Title	Advantages Of Technology In Internation Trade
# of Words	625
# of Pages (250 words per page double spaced)	2.5

Advantages of Technology in Internation Trade

Advantages of Technology in Internation Trade

     Technology plays a major role in international trade.  Databases,
overnight delivery and faxes have opened the world market to not only larger
companies but small ones too.  To add to this globalization, companies and even
competitors are combining and forming alliances to cut cost and increase the
profit margin.  Chrysler, General Motors and Ford have formed an alliance in
research and development to avoid duplication.  These alliances are not only
with domestic companies but they also go over national lines.  Companies are
pushing for integration of the world economy in hope for increased profits and
governments are beginning to listen.
     Since 1986 (GATT) General Agreement on Tariffs and Trade have taken the
incitive to move towards the liberalization of international trade.  GATT
members agreed to reduce tariff and non-tariff trade barriers.  From 1986 to the
present due to GATT's lead many markets have been open to the United States
increasing exports and increasing efficiency through competition.
     One of the most aggressive liberalization groups to follow GATT's lead
is APEC (Asian Pacific Economic Community).  APEC consist of 18 countries that
account for 1/2 of the worlds output.  The three largest economies Japan, China
and the United States are members.  APEC leaders are committed to achieving free
and open trade for the region by 2010.  APEC is moving towards this goal through
many means including accelerating initial Japanese tariff cuts by 50%.  China
will also cut a number of tariffs by 30%.   Indonesia and other APEC members are
also reducing tariffs sharply.  What sets APEX at the head of the pack leading
liberalization is it wiliness to extend benefits of membership to everyone.
APEX is willing to extend the benefits of cuts in tariff and non-tariff barriers
to all countries willing to make comparable cuts.  This is a major incentive for
all countries because the Pacific Rim is the fastest growing market in the world...

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