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kuzya
True or False?
FROM WHAT PREVIOUSLY WAS A MULTITUDE OF DISTINCT NATIONAL MARKETS, A WORLD MARKET IS EMERGING. TRUE OR FALSE?
                     
 




Nils D
True. Put the following facts in your paper:

1. Emergence of the World Trade Organization (WTO), something like a United Nations Under Trade. All countries participate in it, recently China has been admitted, and once a country gets in it is bound to free trade relations with the other countries.

2. emergence of new technologies of communication, huge and effective transportation networks (think of airplanes and airports almost everywhere, when you fedex a letter from the US to Denmark it reaches the recepient the next day, how do you think that letter got there?) ... all these networks make world trade easier. Since there is always a profitable opportunity in every transaction that is made, trade is good, and hence world trade is even better.

3. National markets are clearly hard to define anymore. Surely, borders exists between USA and Mexico and USA and Canada, but they are considered as one market nowadays. Think also of the European Union: 25 countries, all different languages and stuff, and still they are one market. A box of cookies in the supermarket has ingredient analysis in 10 languages in Europe.

So, True. Hard to find a 'national' market anymore.

I hope it helps.


bakarsch
Rating
true in many categories (e.g. diapers) but false in others (e.g. foods)


lovleyeyes80
Rating
do your own homework!! Just kidding! I think it might be true, then again it can be false...who knows?


draftmedown
Rating
True


miskuzi
Rating
true


Chaos
Hi,
I believe it to be false... but I am only in 10th grade.
Every nation has its unique culture and working methods, thus I dont believe the world has any chances of witnessing a "real" world market any time soon. The resistance put up to Mr Lakshmi Mittal on his bid to buy Arcelor is an example...


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