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Recent Trends in World Trade - International Business environment Video Lecture | International Business - B Com
FAQs on Recent Trends in World Trade - International Business environment Video Lecture - International Business - B Com
| 1. What are the recent trends in world trade? |  |
Ans. The recent trends in world trade include the rise of e-commerce, increasing protectionism, regional trade agreements, and the impact of digitalization on trade processes and logistics. These trends have reshaped the international business environment and have had significant implications for global trade.
| 2. How has e-commerce affected world trade? | |
Ans. E-commerce has transformed the world trade landscape by enabling businesses to reach customers globally through online platforms. It has facilitated cross-border transactions, reduced barriers to entry for small and medium-sized enterprises, and created new opportunities for international trade. E-commerce has also led to the growth of digital services and an increase in the trade of digital goods.
| 3. What is the impact of increasing protectionism on international business? | |
Ans. Increasing protectionism, such as the imposition of tariffs and trade barriers, has created challenges for international businesses. It has disrupted supply chains, increased costs for imported goods, and limited access to foreign markets. This trend has led to trade tensions between countries and has affected the overall stability of the global trading system.
| 4. How do regional trade agreements influence world trade? | |
Ans. Regional trade agreements, such as the European Union and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, have promoted trade integration among member countries. These agreements have eliminated or reduced trade barriers, harmonized regulations, and facilitated market access for businesses. They have played a significant role in shaping the international business environment and have contributed to the growth of regional trade blocs.
| 5. How has digitalization impacted trade processes and logistics? | |
Ans. Digitalization has transformed trade processes and logistics by enhancing efficiency and reducing costs. It has enabled the digitization of trade documents, such as invoices and customs declarations, leading to faster clearance procedures and reduced paperwork. Additionally, digital technologies, such as blockchain and artificial intelligence, have improved supply chain management, tracking, and inventory control. Overall, digitalization has facilitated smoother international trade operations.
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