Challenges to Developing International Trade in Rural Areas
Added on 2019-12-03
13 Pages3605 Words139 ViewsType: 139
Business DevelopmentEnvironmental ScienceEconomicsPolitical Science
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Country Case Study: InternationalTrade, Transport Infrastructure andFreight Transport Activity
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3ASSESSMENT CRITERIA............................................................................................................31. Overview of key trends in international trade..........................................................................32. How the transport infrastructure has influenced the development of international trade andits associated transport-related activity........................................................................................63. The key transport related opportunities and challenges facing the development ofinternational trade........................................................................................................................8CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................122
INTRODUCTIONExports have played an important role in enhancing India’s economic growth in the lasttwo decades. International trade has flourished over the years and many benefits have beenoffered to different countries across the world (Mitra, 2006). International trade refers to theexchange of services, goods, and capital among various countries and regions, without muchhindrance. The international trade accounts for a good part of a country’s gross domesticproduct. It is also one of important sources of revenue for a developing country. The present report is focusing on analysing the key issues which is being faced by thecountry logistics. However, the report also includes the overall view of key trends ininternational market that focuses on enhancing the growth of economy. The report also assessesthat how the transport infrastructure of the country has influenced development of internationaltrade and its associated transport activity. Lastly, the report will also analyse key transportrelated opportunities and challenges which affect the development of international trade of thecountry over the next 20 years. ASSESSMENT CRITERIA1. Overview of key trends in international tradeTransportation plays an essential role in developing the India's economy. However, in thepresent scenario there are various modes of transport system such as land, water and air transport(Kumar, 2007). Good physical property in the urbanized and rural region constitutes economicgrowth. Since the early 1990s, India's growing economy has witnessed a rise in demand fortransport infrastructure and services. With the increasing globalization concept Indian economyhas increased the international trade between the countries as it removes the barrier or limitacross the nations so that company can easily transport goods and services in the internationalterritories (Kilgore, Joseph and Metersky, 2007). However, in the past 20 years there were somemajor issues which affect the infrastructure development within the economy includingpartnership between public and private, budget allocation, land accusation, coordination amongthe state or other countries etc. However, some of the benefits of international trade to thebusiness organization include:Raise the domestic competitiveness3
Increases the sales volume in other countries and gain profits margin.Widen sales of the present commodities Maintain cost competitiveness in the local marketplaceEnhance potential for expansion of businessGained a global market shareReduced dependence on existing marketsStabilize seasonal market fluctuationsThe different pattern and trends in the international trade include import and export.Import is considered as the pattern under which Indian economy purchases or buys the goods andservices from other countries (Ganguli, 2008). While another is exports under which the Indianeconomy sells their goods and services in the other countries. With the help of contemporaryproduction methods, highly innovative transportation systems, multinational firms, outsourcingof manufacturing and services and with the rapid increases in the industrialization, the globaltrade system is increasing and spreading very fast that assist in enhancing the overall growth ofthe Indian economy (Bernard, Jensen and Schott, 2007).However, the trends in international andforeign trade are as follows:Cooperation among countries: One of the key trends in the international trade includesincreasing cooperation among countries so that they can easily import and export thematerial within the country. As India is an emerging country it generally support theglobalization of businesses by eliminating limitation or boundaries and it focuses onallowing the organization to trade variety of goods and services and allow the country togain reciprocal advantage (Yeaple, 2005).Technology: Emerging technologies give access to vast amounts of data, allowingimprovements to the way transport networks are planned and a reduction in maintenancecosts. However, the increasing technology is also termed as the recent trend in the globalbusiness as it assists in expanding the business in the overall market (Czinkota,Ronkainen and Moffett, 2009). In addition to this technological aspect emphasizes ondriving transformation and helps in building connectivity among the different nation. Liberalization of cross border movements: Another key trend in the global trade isincreasing liberalization of cross border movement. With the increasing global trends all4
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