A global trend is the trend which is customary or prevalent globally. In trade and commerce, the latest phenomena is globalization i.e. opening up of all trade barriers or restrictions so that all countries can participate in world trade freely without any interference.The most benefit accrued from globalization is that a country deficient in any commodity,can compensate by importation, whereas excess production of a commodity can be exported ,thereby bringing in foreign exchange for the national exchequer.
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