Question

The key reason why international trade has increased so rapidly is due to...

Answer 1

Answer: youre welcom

Explanation:

World trade has increased dramatically over the past few decades. What may be surprising to some people is that less than one-quarter of the growth in trade between 1948 and 2006 was due to the emergence of new trading partners. The large majority of the increase in world trade came from countries that had traded with one another since before the first year in the sample.

When discussing barriers to trade, people usually think of transportation costs, market access and tariffs. However, a survey of firms1 found that the biggest barriers to trade actually are:

Identifying contacts

Understanding customers in the destination

Coping with regulations and the legal environment

Building networks and relationships