International Trade in a Global Village Research Paper

International Trade in a Global Village - Research Paper Examplerks and innovations in the bear industry have facilitated faster and efficient interaction between world citizens hence allowing a clean environment for international trade to take place. This topic is a critical evaluation on globularization and its impacts on the contemporary society. globalisation has transformed the world, virtually from a planet of 7 continents into a global village. This has been made viable by inventions in communication technology such as internet, satellites, telephony among others which have created a platform for real time transposition of data and information. Through the internet, for example, it has become possible to chat with people in distant nations, through platforms such as Skype, facebook, Twitter, video conference among others. Today, one does not need to travel to Japan to buy and import a motor vehicle. E-commerce utilizes the internet whereby traders are facilitated with a p latform to host websites on the World vast Web, which can be accessed by consumers from both corner of the world. With a click of a mouse, one can negotiate, order a vehicle or any other merchandize, pay through credit card or any other means such as wire transfer, and wait for the items to be delivered to his brink (Tomlinson, 2011). Indeed, reports indicate that business transactions over the internet was valued as $16 trillion as at 2012. The invention of aircrafts, trains, ships and motor vehicles made it possible to travel from one nation to another and continent to continent in search of jobs, markets and suppliers, thereby enhancing one on one interaction of individuals from different cultures and backgrounds (Singer, 2013).Globalization has been of great economic benefit to world economies. Numerous multinational companies have invested heavily in subsidiaries around the world where they employ locals and engage in incarnate social responsibility, especially in third wor ld countries, which have little to invest in infrastructure, schools and