CONTRACT MANAGEMENT Essay Example | Topics and Well Written Essays - 3500 words

CONTRACT MANAGEMENT - Essay ExampleFor instance, during the post period of World struggle II, versatile political agreements were formulated and implemented with the intention of reducing or eliminating merchandise barriers amid nations. In this respect, General accordance on Trade and Tariffs (GATT) was recognized to be the most effective trade policy for the US towards increase trade opportunities in the global periphery (US Department of State, 1999). It was also in this period that developing of technology became quite apparent and swerving as it was perceived to minimize the distance among countries as well as reduce geographical constraints thus, facilitating better trade in the international context (Schmidt, 2001). The progress in telecommunication technologies also facilitated with better communication opportunities for better exchange of goods and information amid countries. The advancement of technology was also determine to improve the transportation services betwe en countries for effective conveyance of goods through international trade. ... Moreover, the discussion leave alone also emphasize on the impact the changes in trade and technology have on fetch management even in the current era. Changes in Trade and Technology after the World War II which are affecting US Corporations In the post World War II period, it was sight that trade agreements have been formulated by policymakers with the intention of minimizing or eliminating trade barriers amid countries. Apparently, there was rapid development in trade activities and technology since the post period of World War II. Since then, the US has been committed towards the movement of free trade opportunities with the objective of developing its economic stability and political growth. The open trade activities were shape up expected to facilitate the country in developing its economy as well as construct healthy relationship amid nations. It was also observed in this context that the US was more concerned intimately trade liberalization with the aim of conducting trade activities with minimized barriers among countries. In order to acquire a liberalized trade policy, the US further formulated GATT with the intention of reducing trade barriers which was signed by 23 countries in the year 1948. The Free Trade Agreement also initiated after World War II, i.e. North American Free Trade Agreement (NAFTA) again facilitated the US corporations to perform their business operations in global market segments with minimized trade restrictions. As a consequence, the rapid expansion of international trade activities increase market competition among corporate sectors of the US minimizing the inflation pressure for protecting the domestic