Sunday, 12 April 2015

Facilitating Globalization Through Barter Exchange Sites

By Joanna Walsh


One of the earliest economic activities is the exchanging of goods and services for other goods and services. This was, and still is, known as bartering. Those who wish to engage in the historic practice in this modern technology centered world have an opportunity to do so through the use of barter exchange sites.

Bartering is still relevant today because of one simple fact. People still need to exchange what they have for the possessions of others without using money or currency. Many people around the world have items that they would like to get rid of that are still valuable to others. These persons are desirous of relieving themselves of these items but would prefer to have them replaced by something that they need or want. This is where the sites come in.

There is little limit on the types of things that may be traded on these sites. As long as legal parameters are met, traders are free to trade in goods and services of varying degrees of sizes and values. This is why the items featured on the platforms may range from seemingly minute things such as buttons and more impressive things such as vehicles or buildings. Virtual platforms that facilitate the exchanging of properties or services restore the power of trading to the hands of the traders since it is the traders who determine which items they will put up for trading and which items they will accept as being worth the trade.

In order for a successful trade to take place both parties must share mutual agreement. Both parties must reach a consensus on the value of the items being traded. The deal has to be made on the agreements that the items being traded are of equal value.

Sometimes a trader might find the process a lengthy one. This tend to happen more often when the item being put up for trade is not very valuable or not really in high demand. For those who have a very valuable or unique item, the process might be more rewarding. This is so as the trader who is in possession of a rare precious item will receive many offers for trading and will be able to pick from a wider variety of options.

The physical boundaries that serve as hindrances to traditional trading is eliminated with these virtual trading platforms. This is so because people are able to use these websites to trade with others regardless of location. This means that a trader who wants an item from another country will be able to access this item with little hassle as the deal can be made from pretty much any location.

Since people use these platforms to trade with others in different locations the issue of delivery has to be a concern. Smart traders ensure that delivery concerns are addressed in the agreement before accepting a deal. Sometimes, depending on the type of website being used, the delivery will automatically be dealt with during the bargaining process.

Without a doubt, these trading platforms play a pivotal role in helping people to engage in bartering practices, and sometimes form long term business relation ships with others around the world. In this capacity, they contribute to the development of a global community that is minimally affected by geographic and political boundaries. They also help to preserve an age old practice that has not outlived its relevance despite the changes that have taken place in the world.




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