Golden Age a major impact on world economy ~ International Business and Trade

Putri Vidya (1701308851)

GOLDEN AGE is where the golden age occurred in world trade dominance that began with the fall of the British state in the industrial world. At that time, the famous state in economy is UK, England were successfully transferred in a country known as the economy, and was replaced by the United States .After the expiration of the golden system used as a exchange of international trade and the expiration of the international trading system, a golden age has a major impact on the world economy until now, and has managed to change the world economy. Many countries have changed the direction of industrialization and FREE TRADE.

After the FREE TRADE, many industrialized countries are causing increasing needs of the world community with a high quality brand for example: shoes, handbags and car (for the period to date). Of course we can see on the next year, if the world community has a high-quality product, make sure the ingredients to make it a better or equal to the selling price. So one of the big companies that make products such as the above should require sophisticated equipment, so the quality can stay for a long time and become the world's top products for the people who have all of the products. With large companies to dominate the world market.

From this case, there was the impact of government policy did not discriminate against export-import of goods (the lack of rules, for example: tax, export-import quota). The majority of countries in the world became industrialized countries, therefore, the state is not able to produce the world's need for different resources. Therefore, every country should help other countries to meet the needs of the world through free trade. From this, it will make the state to be able to produce goods of high quality so that people of the world can have it back and the company will earn high profits equivalent to the results of the products it sells. By doing this Free Trade, which is very useful for companies that work in the field of large products / products are well known so that they can do.