International Trade and Competitiveness

International trade can be viewed from a number of perspectives, but globalization is arguably the most compelling. When globalization became a reality, all of the old international trade paradigms from centuries past became history. From the ancient silk route to modern air freight, they all had to take a step backward to make way for the new global economy. In a sense, globalization creates a virtual community of the entire world. Regardless of where any country is located, it is ôright next doorö in terms of trade. Desert nomads with a laptop can trade online right along with big corporate executives in major cities around the world. Globalization brings everyone to the table, and everyone has an equal shot. The inconvenience of a bad location is irrelevant, and the inability to gain access to the game has been circumvented.

The beauty of globalization is its ability to make the trading field more even. Super powers like the United States and China belly up to the table right next to peasant communities in remote villages around the world. What matters in the global economy is who can provide the best product for the lowest price. It is easy to see how this can benefit the less fortunate countries. If a little Indian tribe can make handwoven blankets that outstrip anything available anywhere else, that little Indian tribe can become rich selling to the world market. Once the little tribe achieves success, the flow of capi

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t be considered the author of them. Globalization is, in fact, the answer to many problems that have persisted in trade throughout the ages, such as the difficulty of reaching interested buyers. Some reproaches, such as the fact that underdeveloped nations may find it hard to compete with super powers in areas such as marketing or distribution, do have a point. In those cases, it behooves the super powers to lend counsel and assistance to struggling nations. Super powers send vast amounts of relief to those nations, and that relief could be greatly minimized if those nations were able to succeed on their own. Globalization is an improvement over the trade environment of the past and has the potential to enrich every country. Competitiveness is another entity that can be viewed from multiple perspectives. Competitiveness is defined as "The degree to which a country can, under free and fair market conditions, produce goods and services which meet the test of international markets, while simultaneously maintaining and expanding the real incomes of its people over the long-termö (Prokopenko). From the perspective of globalism, competitiveness has to be preserved around the globe to be advantageous to the world economy. Globali
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Some common words found in the essay are:
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Approximate Word count = 1848
Approximate Pages = 7 (250 words per page)

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