“The growth of world trade has been nothing short of phenomenal since the Second World War”. Indicate the factors influencing the growth of the world trade.

The growth of world trade since the Second World War has indeed been remarkable, with various factors contributing to this phenomenon. When examining the case of India's foreign trade and investment, it's essential to understand these global factors as they significantly shape India's participation in international trade. Below are some key factors influencing the growth of world trade:

1. Advancements in Technology: Technological advancements, particularly in transportation and communication, have significantly reduced the costs and time associated with conducting international trade. The introduction of containerization, faster ships, and more efficient ports has facilitated the movement of goods across borders, leading to an increase in trade volumes.

2. Trade Liberalization: The post-war era witnessed a widespread trend towards trade liberalization, marked by the formation of multilateral trade agreements and the reduction of tariff _______ __________ ___ ______ _________ ______.
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