Most of the barriers to international trade have been eliminated through?

Assessment: JAMB UTME - Commerce - 2008 Subject: Commerce

Question 1 Report

Most of the barriers to international trade have been eliminated through?
Answer Details
The elimination of most barriers to international trade has been achieved through globalization. Globalization refers to the integration and interdependence of economies, societies, and cultures through cross-border trade, investment, and technological advancements. With globalization, countries have adopted more open trade policies and reduced barriers to international trade such as tariffs, quotas, and other restrictions. This has allowed for more efficient allocation of resources and increased competition in the global market, resulting in increased economic growth and development. Therefore, globalization has been instrumental in eliminating most barriers to international trade.

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