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Causes of Globalization †˜
Harris indicated that there are three main factors contributing to globalization. These factors include: The reduction in trade and investment barriers in the post-World War II period.
†¢ The reduction in trade and investment barriers in the post- World War II period.
†¢ The rapid growth and increase in the size of developing countriesâ₠¬â„¢ economies.
†¢ Changes in technologies.
Trade Agreements
Originally, each nation established its own rules governing foreign trade. Unfair regulations and tariffs were often the outcome, leading to the tariff wars of the 1930s.
Nations have found it convenientââ ¡Ãƒâ€šÃ‚¬Ãƒâ€šÃ‚¦ to agree to rules that limit their own freedom of action in trade matters, and generally work toward removal of artificial and often arbitrary barriers to trade.
Many trade agreements exists exist in the world today. There of those agreements (General Agreement on Tariffs and Trade [GATT], the European Community, and the North American Free Trade Agreement [NAFTA]) have had or will have a significant impact on the United States. GATT. The first trade agreement of major significance was the General Agreement on Tariffs and Trade. GATT was aimed a lowering tariff barriers among its members. The success of the organization is evidenced by its memberââ‚Ã⠀šÃ‚¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚¢s hip. Originally signed by 23 countries in 1947, the number of participating countries continues to grow.
The Uruguay Round of GATT is the most ambitious trade agreement ever attempted. Some 108 nations would lower tariff and other barriers on textiles and agriculture goods; protect one anotherââ‚à ‚¬Ã¢â€žÂ¢s intellectual property; and open their borders to banks, insurance companies, and purveyors of other services.
The European Community. The European Community is another example of how trade agreements impact production, distribution, and marketing of goods and services. The 12 member nations of the European Community have dismantled the internal borders of its members to enhance trade relations.
Dismantling borders was only the first step toward an even greater purpose †“the peaceful union of European countries. The first step was accomplished by Paris and Rome treaties, which established the European Community and consequently removed the economic barriers. The treaties called for members to establish a common market; a common customs tariff; and common economic, agricultural, transport, and nuclear polices.
NAFTA. A trade agreement that will have a significant impact on the way business is conducted in the United States is the North American Free Trade Agreement. This trade agreement involves Canada, the United States, and Mexico. Proponents of NAFTA claim that the accord will not only increase trade throughout the Americas, but will also moderate product prices and create jobs in all three of the countries
Many trade agreements exists exist in the world today. There of those agreements (General Agreement on Tariffs and Trade [GATT], the European Community, and the North American Free Trade Agreement [NAFTA]) have had or will have a significant impact on the United States. GATT. The first trade agreement of major significance was the General Agreement on Tariffs and Trade. GATT was aimed a lowering tariff barriers among its members. The success of the organization is evidenced by its memberââ‚Ã⠀šÃ‚¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚¢s hip. Originally signed by 23 countries in 1947, the number of participating countries continues to grow.
He Uruguay Round of GATT is the most ambitious trade agreement ever attempted. Some 108 nations would lower traffic and other barriers on textiles and agriculture goods; protect one anotherââ‚à ‚¬Ã¢â€žÂ¢s intellectual property; and open their orders to banks, insurance companies, and purveyors of other services.
just had to help out someon in my class, (this is keyboarding class, and where cheaing!!!!!!!! | 
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