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Finance & Accounting
Pages 10 (2510 words)
TECHNOLOGY AND TRADE INTRODUCTION Technology is influenced business from different dimensions. Different dimensions or areas of businesses including production, information system, marketing, finance, human resource, operations, inventory management and several others have been influenced by technology.
Such countries have increased their focus on developing and enhancing technologies and this has helped in improving their profits. On the other side, there are countries that have developed export economies by utilising the technology that devised by importing countries. Policies of both these types of countries related to technological adaption have played a significant role in determining the international trade pattern. Role of technology in developing a pattern of trade had been formed with various other dimensions as well. In addition, the technological advancement has also received criticism for its role. Hence, the role of technology in trade policy is of immense importance not only for academic purpose but also from the perspective of an economist as well. Role of technology in trade is increasingly being considered as a game changing variable in international trade and economic scenario. Europe has enjoyed the benefits of technological development and it has dominated over the years because of technological advancement. Europe at the moment is considering the other side of opportunities towards technological advancement as it is focusing on southern countries with import dependencies. Hence, the essay develops a review of literature on the role of technology in the international trade and economic environment. ...
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