Globalization+helps+countries+to+trade+more+effectively+BM

Globalization Helps Countries to Trade More Effectively
//**What are some factors that help the countries to trade more effectively?**//

//**1. Free Trade**//

After WWII most of the national leaders realized the key to peace and prosperity is to cooperate amongst the nations across the world. The idea of Free Trade means elimination of trade barriers like high Tariffs. At 1947, nations started to discuss about ways to open trade and they did come up with a suggestion which was the GATT (General Agreement on Tariffs and Trade) Over many years the protective tariffs dropped which means more and more countries import and export. The expansion of the free trade led to expansion of the global marketplace. When the global marketplace got too big for only few countries to control the trade, in 1995 the World Trade organization was established to supervise the free trades.

Beck, Roger B. __Modern World History Patterns of Interaction__. Boston: Houghton Mifflin Company, 2002.




 * European Union (EU)**

In 1951 European organization set up a tariff-free trade amongst the European nations. This organization that was set up in 1951 and it was so successful that after seven years a new organization, European Economic Community was formed (EEC). Over the next 40 years most of the European countries joined this organization which is now currently called the European Union (EU).



__**List of Major Economic Cooperation**__

Organization of Petroleum Exporting Countries (OPEC) Asia-Pacific Economic Cooperation G-8 (Group of Eight) Andean Group Associated of Southeast Asian Nations (ASEAN) Central American Common Market (CAEU) Caribbean Community and Common Market (CARIOCOM) Commonwealth of Independent States(CIS) European Free Trade Association (EFTA) European Union (EU) Southern Cone Common Market (MERCOSUR) North American Free Trade Agreement (NAFTA) Southern Africa Development community (SADC) Central Africa Customs and Economic Union (UDEAC)

Beck, Roger B. __Modern World History Patterns of Interaction__. Boston: Houghton Mifflin Company, 2002 **page 568.**


 * //2.// //Technology//**

Globalization has allowed for faster technical achievements due to cooperation and collaboration of talented scientists from all over the world. For example the International Space Station (ISS) is a research facility whose mission is to conduct experiments and research for the better of all mankind. The countries involved include, the US, Japan, Canada, Brazil, The EU and Russia.


 * Expansion of Global Communication**

Ever since 1960s, satellites were launched to orbit around the earth. The artificial satellites aided worldwide communication and with the satellite communication the world was transformed into global village. Today political and cultural events are shown through live by people in other places. For instance, by 1997 more than 2 billion television viewers around the world watched the funeral of the Princess of Wales. Globalization made world wide commutation possible.




 * Network Communications**

In 1990s, individuals and businesses started to use the Internet. Internet is an international computer network program that provides e-mail and information from the computers in educational institutions, government, and industry accessible internationally. It began in the late 1960s as a method of scientists to communicate internationally so that they could exchange information about research. With telephone-line, business and personal computers can be hooked up with computer networks in order to communicate with people across the nations. During 1994 and mid 1999 the number of worldwide internet users increased from 3 million to 200 million.

Beck, Roger B. __Modern World History Patterns of Interaction__. Boston: Houghton Mifflin Company, 2002.