Factors that influence international trade
World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period.
Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
-Better high-speed rail lines
-Increases in the global population
-Services such as web conferencing and teleconferencing that facilitate international meetings
-International trade agreements such as the North American Free Trade Agreement (NAFTA)