Impact Of Technology On International Trade

Technology and its dynamic nature do affect the way of trading. it has huge impact on a nation import and export. Export is important for nation growth and for generating employment. Technology improvement had made international trade easier to access and more competitive in global market as more companies are investing in import and export . Technology has a ability to make cross country or nation trade more efficient and profitable. small business also have started adopting the advance technology and AI based solutions, improving the supply chain. Technology increase business operating efficiency and open up new market. Technology advancement create many benefits like efficiency gain, new digital product and services, positive environmental impacts. Technology also poses threat to global trade as some technologies may disrupt current production patterns or shortening of supply chain. All these threat can be minimized if proper government policies are implemented. As more a...