Answer to Question #47740 in Macroeconomics for Katie

Question #47740
Which factor has not contributed to the growth of international trade? -the spread of reliable communications -a change in the tariffs charged on many foods - reduction of shipping costs -favorable changes in government policies
1
Expert's answer
2014-10-10T13:34:23-0400
A wide range of political, economic, and practical factors can affect the growth of international trade. Many nations have a variety of legal regulations to which businesses must conform before engaging in trade internationally, and some nations even have economic policies that strongly discourage it in favor of a more internally-focused economy.
Communication is also important, as technology such as the Internet now allows for nearly-instantaneous communication around the world, thereby allowing businesses to market their products and services globally with relative ease.
The economic condition and economic policies of a given nation are also important factors that affect the growth of international trade.
Rapid global communication by telephone and over the Internet is a major factor affecting international trade as well.
So, the incorrect statement is "the spread of reliable communications".

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