Today's international trade is radically more complex. The revolution in information and communication technologies fostered an internationalisation of supply chains which created a nexus between trade, investment, and services which is at the heart of so much of today's international commerce. Fundamental changes in recent decades have heightened the need for new and viable solutions to the problems of international trade. In the new climate of internationalisation an expanding number of firms are engaged in international trade, barriers have been coming down, and trading blocs, whose members may share the advantage of lower tariffs and the absence of quotas, are beginning to predominate. The degree of recent change has.
