Activity 2: Reflection Paper Writing and Publishing

Directions: Trace the history of Global Market Integration. Use the space for your writing. Use

the space below as your draft. Publish this writing in a blog page, or submit your work in the

pigeon boxes which are provided in your department/college, or to Google class on or before

the date as reflected in your study schedule. See rubrics in blogging.

 


 

                                         Trace the history of Global Market Integration. 

 

                             Physical developments, such as the reduction of freight and transaction costs, were not the only factors that contributed to the integration of the market. The imposition of import tariffs on foreign commodities was common practice at the time, as governments sought to increase the inflow of gold into their foreign trade accounts by selling more items to each of their trading partners than they purchased from them. What is global market integration, and how does it work? The term "global integration" refers to the process through which the local Indian market becomes more accessible to the rest of the world. The result is that foreign elements are allowed to have an impact on the local business climate inside India. To see the whole response, please click here.

 

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