World market is currently growing at high rate. Across the globe, most consumable goods are transported from far distances to reach to the markets or end consumer.
This upward trend in market has enabled consumers to get nearly all products they need even if its not localy produced. Regions that have unfriendly environment, or indequate technology to farm will eventually recieve goods from where they are in abundance. For instance foods from fertile areas are supplied to modern highly populated areas like Nairobi city supplied by food from western and central paets of Kenya. Again, machines from industrialized nations like Japan, China and Europe are sold worldwide. For example, japan is one of tge biggest exporters of their cars ti Africa and other places which dont manufacture them. This enables interdependence among all regions in the world.
However, global trade has been faced with some challenges specifically some regions. The market rates in world's currencies are controlled by nations leading economies leading to price set up by them and not necessarily producing countries. USA dollar currency being superior, they tend to control consumption prices even for goods they do not produce and have little idea about production cost. This has led to slow economic growth in developing nations as they are pushed to abide despite highly skilled production with little profits. Avocado fruit takes alot of time and effort to mature sold at about $1 in Europe or America but bout from African nations at about $ 0. 2. Transportation and business people gain more than farmers who actually did donkey work.
In conclusion, despite economic control by powerful nations, i believe that expanding world trade is far much beneficial to current humanity by promoting interdependence and managing demand and supply of goods.
World
market
is
currently
growing at high rate. Across the globe, most consumable
goods
are transported
from far distances to reach to the markets or
end
consumer.
This upward trend in
market
has enabled consumers to
get
nearly
all products they need even if its not
localy
produced. Regions that have
unfriendly
environment, or
indequate
technology to farm will
eventually
recieve
goods
from where they are in abundance.
For instance
foods from fertile areas
are supplied
to modern
highly
populated areas like Nairobi city supplied by food from western and central
paets
of Kenya. Again, machines from industrialized
nations
like Japan, China and Europe
are sold
worldwide.
For example
, japan is one of
tge
biggest
exporters of their cars ti Africa and other places which
dont
manufacture them. This enables interdependence among all regions in the world.
However
, global trade has
been faced
with
some
challenges
specifically
some
regions. The
market
rates in world's currencies
are controlled
by
nations
leading economies leading to price set up by them and not
necessarily
producing countries. USA dollar currency being superior, they tend to control consumption prices even for
goods
they do not produce and have
little
idea
about production cost. This has led to slow economic growth in developing
nations
as they
are pushed
to abide despite
highly
skilled production with
little
profits. Avocado fruit takes
alot
of time and effort to mature sold at about $1 in Europe or America
but
bout from African
nations
at about
$ 0
. 2. Transportation and business
people
gain more than farmers who actually did donkey work.
In conclusion
, despite economic control by powerful
nations
,
i
believe that expanding world trade is far much beneficial to
current
humanity by promoting interdependence and managing demand and supply of
goods
.