State the features of changing nature of world trade? How far the &lsq

Question

State the features of changing nature of world trade? How far the ‘Make in India’ and ‘Digital India’ programmes are in tune with changing nature of world trade?

07 Aug 2023

Answer :

Word Count : 425

The changing nature of world trade has been influenced by various factors, transforming the global economic landscape. The primary features of this transformation include the growing importance of global supply chains, technological advancements, the shift from traditional trade barriers to non-tariff barriers, and the increasing significance of services trade. The integration of economies through international trade has become more complex, with countries depending on each other for raw materials, intermediate goods, and finished products. This trend reflects the rise of global value chains (GVCs), where ______ __________ __________ ________ ___ __________.
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