History, asked by joeyhodges, 1 year ago

What is the relationship between the development of trade and the development of technology?

Answers

Answered by ishant25
1
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Answered by smartbrainz
1

The development of technology can encourage the advancement of trade is the relationship between the development of trade and the development of technology

EXPLANATION:

Throughout developing countries, technology plays a critical role. The idea that technological development would allow countries to become more competitive in the world market is important to both developed and developing countries. Whereas advancements in technology help countries grow their economy in a dynamic global market, improving their economic positions (Sabir, 2010).

High-tech products can play an important role in international trade with technological development. In the international trade business, traditional primary products and ordinary manufacturing goods account less than before. Development in technology is the main power and foundation of a nation's social economy.

Today, as the main theme for the international communities is peace and prosperity, high technology has become a major element in boosting the economy's growth. Meanwhile, the trend of globalization will improve the country's economic growth by helping the country become more competitive on the global trade market.

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