Trade liberalization is a process to reduce trade barriers so products can be transported around the world more freely. It increases living standards and has been a key element in the economic success of many countries. It is stated in East Asia that average import trade tariffs have deacreased 30% to 10% in the past 20 years.
In the picture above it shows a supermarket with a variety of food from different countries.
Natalie Klassen - kubatka - Rundle
BELOW By Chris Anderson
DEFINITION- The reduction of trade barriers, tariffs, and any other hindering government programs in an effort to make trade more efficient in a global marketplace.
EXAMPLE-China and India are two examples of countries which have accepted free trade. Both countries now export many goods around the globe and also outsource many of their services, all of this was made possible by trade liberalization. Here shown below is a Korean ship containing good from all over the world.
In the picture above it shows a supermarket with a variety of food from different countries.
Natalie Klassen - kubatka - Rundle
BELOW By Chris Anderson
DEFINITION- The reduction of trade barriers, tariffs, and any other hindering government programs in an effort to make trade more efficient in a global marketplace.
EXAMPLE-China and India are two examples of countries which have accepted free trade. Both countries now export many goods around the globe and also outsource many of their services, all of this was made possible by trade liberalization. Here shown below is a Korean ship containing good from all over the world.
SOURCES- http://en.wikipedia.org/wiki/Free_trade
http://www.imf.org/external/np/exr/ib/2001/110801.htm
http://en.wikipedia.org/wiki/Image:ShippingContainerSFBay.jpg