International Trade – Essay Example

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The period between 2000 and 2008 has been associated with high levels of technological improvements. For instance, in the communication sector, individuals are able to communicate face-to-face via the video-conferencing technology. This mode of communication enables individuals to carry out conversation with respect to various issues associated with business. Various means of electronic communication, such as e-mails and use of social sites, have been on the rise in the period between 2000 and 2008. The modern means of communication such as the use of wireless devices, including mobile phones, has enabled an easy and fast communication between business partners of different nationalities.

As a result, information regarding demand and supply in various economies is likely to be transferred faster than it was in the past. Similarly, improved means of transportation has also contributed to the increased global exports. Although shipping has been relied as a means of executing international trade among various international firms and business persons, other means of transportation, such as railway and air, are gaining popularity amongst various international businesses. For instance, the construction of an electric rail-road that joins Africa and Europe has experienced high levels of exports’ transportation.

The underground electric rail-road (constructed below the Mediterranean ocean) is claimed to be faster than other means of transportation, such as road and sea. Other electric rail-road in other countries, such as that of Netherlands, has contributed significantly to increased levels of the global exports that were witnessed in the period between 2000 and 2008. In particular, this means of transportation is relatively cheap and faster compared to other means of transportations. However, sea, as a means of transportation, has gained momentum in terms of the volume of goods transported to various destinations in the world.

In particular, the transportation of oil has been enabled by specialized oil tankers. Additionally, the fixing of refrigerators in diverse ships has enabled sea-transportation to transport perishable goods in different international destinations. Besides sea and rail-road, the air transportation has also witnessed various technological changes that have contributed positively to the global exports. For instance, the Boeing has been successful in making aircrafts that consume fuel economically. This has further resulted in reduced costs of transportation.

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