Cross-country interactions produced by international trade can facilitate the transfer of ________.

Question

Quizplus · Accepted Answer

Cross-country interactions produced by international trade can facilitate the transfer of technology. As countries engage in trade, they often exchange knowledge, skills, and techniques, which can increase productivity and efficiency. This technology transfer can have far-reaching effects, making it possible for countries to develop new products, processes, and industries, and to improve existing ones. In this way, international trade can play a vital role in promoting economic growth, job creation, and higher standards of living.

Cross-Country Interactions Produced by International Trade Can Facilitate the Transfer