Across the great divide [global trading system] |
| |
Authors: | Grier D.A. |
| |
Affiliation: | George Washington Univ., Washington, DC, USA; |
| |
Abstract: | Some 30 or 40 years ago, when computers were becoming established in business and government, these new machines drew complaints from people who disliked the standardization that they imposed. Global trade has indeed destroyed local industries but, at the same time, it has generally given the world a higher standard of living. Like the computer age, the era of global trade has come with a new sense of standardization. Trade agreements are technical documents that include lengthy sections of technical definitions, rules, and standards. Hence, it is probably not surprising that the goods and services that have moved most easily from economy to economy and from culture to culture are those that are easily standardized. |
| |
Keywords: | |
|
|