Which factor most contributed to the economic growth of the Asian nations located on the western shores of the Pacific Ocean? Co
operative inter-Pacific trade partnerships gave smaller countries enhanced bargaining power in setting prices for goods. Asian markets gained a closer understanding of American consumers and created products to appeal to their tastes. Reduced trade barriers and streamlined customs procedures has allowed goods to be easily and readily available throughout the trans-Pacific. Old disputes and lingering cultural prejudices were addressed and eliminated for the good of the Asian economic boom.
-Reduced trade barriers and streamlined customs procedures has allowed goods to be easily and readily available throughout the trans-Pacific.
Explanation;
-Reduced trade barriers allow producers to enter foreign market without increasing the price of their product, which improve their overall sales. Removing trade barriers helps emerging markets boost economic growth.
-The streamlined customs procedures minimize the cost by focusing on a specific type of products (mainly electronics)
