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TOPIC 2: THE ANALYSIS OF ICT AND EXPERT DOCUMENTATION

GLOBAL TRADING TRENDS (What, Why, and How )

Submitted by : Masalunga, Christopher Roi P.

International Trade and Agreement

Submitted to: Prof. Virgilio Caluya
ICT

ICT is sometimes used synonymously with IT (for information technology); however, ICT is
generally used to represent a broader, more comprehensive list of all components related to
computer and digital technologies than IT. The list of ICT components is exhaustive, and it
continues to grow. Some components, such as computers and telephones, have existed for
decades. Others, such as smartphones, digital TVs and robots, are more recent entries. ICT
commonly means more than its list of components, though. It also encompasses the application
of all those various components. It's here that the real potential, power and danger of ICT can be
found. ICT, or information and communications technology (or technologies), is the
infrastructure and components that enable modern computing. Although there is no single,
universal definition of ICT, the term is generally accepted to mean all devices, networking
components, applications and systems that combined allow people and organizations (i.e.,
businesses, nonprofit agencies, governments and criminal enterprises) to interact in the digital
world. ICT encompasses both the internet-enabled sphere as well as the mobile one powered by
wireless networks. It also includes antiquated technologies, such as landline telephones, radio
and television broadcast -- all of which are still widely used today alongside cutting-edge ICT
pieces such as artificial intelligence and robotics.

EXPERT DOCUMENTATION

Documentation Specialists work in a wide range of sectors, particularly in healthcare, legal, and
finance. They may work as part of a documents team or might specialize in a particular type of
document, such as contracts or medical documentation. According to the Bureau of Labor
Statistics, demand for Medical Records and Health Information Technicians – a similar position
to Documentation Specialist – is set to grow 15 percent through 2024.

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GLOBAL TRADING TRENDS

Global trading trends refer to the patterns and shifts in international trade that impact the
movement of goods, services, and investments across borders. These trends can be influenced by
a wide range of factors, including economic conditions, technological advancements, political
developments, and changes in consumer behavior.

References : https://www.techtarget.com/searchcio/definition/ICT-information-and-
communications-technology-or-technologies

https://www.jobhero.com/career-guides/interviews/prep/what-is-a-documentation-specialist
 TOPIC 2: ICT AND EXPERT DOCUMENTATION

GLOBAL TRADING TRENDS (What, Why, and How Analysis)

WHAT IS ICT AND EXPERT DOCUMENTATION?

ICT stands for Information and Communications Technology. It refers to the broad field of
technology that encompasses the use of computers, telecommunications, and other devices to
store, retrieve, transmit, and manipulate data. This includes everything from hardware like
computers and smartphones to software, networks, and the internet.

Expert documentation - typically refers to the process of creating and maintaining documentation
that captures the knowledge and expertise of subject matter experts (SMEs) within a particular
field or domain. This documentation is valuable for training, reference, and knowledge-sharing
purposes within organizations or communities. It may include manuals, guides, best practices,
and other resources created by experts to help others understand and apply specialized
knowledge.

WHY IS ICT AND EXPERT DOCUMENTATION ARE IMPORTANT?

- ICT is important for its role in enabling efficient communication, access to information, and
innovation, while expert documentation is crucial for preserving and sharing specialized
knowledge, promoting consistency, and facilitating training and problem-solving. Together,
these elements contribute to the growth and effectiveness of organizations and society as a whole.

HOW ICT AND EXPERT DOCUMENTATION WORK?

- ICT (Information and Communications Technology) and expert documentation work together
to facilitate efficient information management and knowledge sharing within organizations.

GLOBAL TRADING TRENDS (Analysis: What, Why and How?)

WHAT IS GLOBAL TRADING TRENDS?

- Global trading trends refer to the prevailing patterns and developments in international trade
and commerce. These trends are influenced by a variety of factors, including economic
conditions, technological advancements, geopolitical events, and changes in consumer
preferences. These trends are dynamic and can change over time, influenced by a complex
interplay of economic, political, technological, and social factors. Staying informed about global
trading trends is crucial for businesses and policymakers to adapt and thrive in the evolving
global marketplace.

WHY IS GLOBAL TRADING TRENDS ARE IMPORTANT?

The world economies have become more intertwined through globalization and international
trade is a major part of most economies. It provides consumers with a variety of options and
increases competition so that businesses must produce cost-efficient and high-quality goods,
benefiting these consumers.

HOW GLOBAL TRADING TRENDS WORK?

Global trading trends emerge and evolve through a complex interplay of economic, technological,
political, and social factors. Here's an overview of how global trading trends work:

1. Economic Factors:

Economic Growth: The overall health and growth of economies worldwide impact global trade.
When economies are growing, consumer demand and business investment tend to rise, driving
international trade.

Exchange Rates: Currency exchange rates affect the competitiveness of exports and imports. A
strong domestic currency can make exports more expensive, while a weaker currency can boost
exports.

2. Technological Advancements:

Digitalization: Advances in technology have led to the rise of e-commerce and digital trade. The
ease of conducting business online has expanded international trade opportunities and
transformed traditional trade models.

Supply Chain Efficiency: Technologies like blockchain, IoT, and AI are used to enhance supply
chain transparency, reduce costs, and improve logistics, impacting trade patterns.

3. Political and Geopolitical Factors:

Trade Agreements: Bilateral and multilateral trade agreements shape global trade by reducing
tariffs and trade barriers, affecting the flow of goods and services between countries.

Geopolitical Tensions: Political conflicts, trade disputes, or changes in leadership can disrupt
established trade patterns and influence trade flows.