Improvements in transportation including containerisation
the reduced cost of shipping different good and services around the world Technological change reducing massively the cost of transmitting and communicating information helps trade in products over internet. Advances in transport technology have lowered the costs, increased the speed and reliability of transporting goods and people. De-regulation of global financial markets (trade liberalisation) Reduces trade barriers and therefore opens up of capital markets in developed and developing countries. Differences in tax systems The desire of multi-national corporations to benefit from lower labour costs and therefore develop and exploit fresh comparative advantages in production Avoidance of import protection Many businesses are influenced by a desire to avoid trade tariff barriers erected by regional trading blocs. Economies of scale The process of mass-production in which each unit manufactured is cheaper due to the high volumes made.
Improvements in transportation including containerisation
the reduced cost of shipping different good and services around the world Technological change reducing massively the cost of transmitting and communicating information helps trade in products over internet. Advances in transport technology have lowered the costs, increased the speed and reliability of transporting goods and people. De-regulation of global financial markets (trade liberalisation) Reduces trade barriers and therefore opens up of capital markets in developed and developing countries. Differences in tax systems The desire of multi-national corporations to benefit from lower labour costs and therefore develop and exploit fresh comparative advantages in production Avoidance of import protection Many businesses are influenced by a desire to avoid trade tariff barriers erected by regional trading blocs. Economies of scale The process of mass-production in which each unit manufactured is cheaper due to the high volumes made.