Reductions in World Trade Barriers Marketing Assignment

Global Economy
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World Trade Barriers and the Global Economy
Over the recent years, the world has been connected more than ever before. The interconnection has been fueled by mainly lifting trading barriers and formation of regional trading blocs that have boosted international trade. Trade barriers are abolishing leads to increased capital outflow CITATION Cha91 \l 1033 (Turner, 1991). Capital flow has enhanced globalization through enabling investors to transcend boundaries and set up businesses.
Lifting trade barriers enables goods and services to be competitive on a regional and global scale thus leading to globalization. New markets open up and demand increases when trade barriers are dissolved, and investors are allowed to venture into new markets abroad. When trade barriers are lifted, investment opportunities come up within those countries and investors go beyond borders to places with more favorable terms. Investors can avoid unfavorable ...