How Technological Advances Stimulate World Trade

The trend toward a tighter integrated global economy has accelerated the diffusion of innovation. Technological advances stimulate commercial openness and technological progress, thus boosting further economic growth. In an attempt to analyze current trends in international trade, trade policy, and the multilateral trading system, the World Trade Organization has published a report showing how technology and economic development are affecting employment and wages. The documents place much emphasis on the consequences of these changes for workers and companies, as well as ways in which governments are benefiting from the positive impact of trade liberalization and technological progress. Workers’ ability to … Continue reading How Technological Advances Stimulate World Trade