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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 931 |
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The collapse of communism as political power, most dramatically demonstrated by the implosion of the Soviet empire, has opened up a large part of the world to the global economy. Moreover, the collapse of communism as ideology means that even formally communist states like Vietnam and especially China have joined the global economy...
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Moreover, the collapse of communism as ideology means that even formally communist states like Vietnam and especially China have joined the global economy.
Second, we see rapidly falling trade barriers. Tariffs have been reduced from about 40 percent in 1947 to an average of less than 4 percent in developed countries today...
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