Buy custom globalization creates emplyment,not unemplyment
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Business
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| Number of pages / Number of words: |
3 / 659 |
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Some analysts have argued that the world economy was just as globalized 100 years ago as it is today. But today commerce and financial services are far more developed and deeply integrated than they were at that time. The most striking aspect of this has been the integration of financial markets made possible by modern electronic communication...
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But this growth was not steady?the strongest expansion came during the second half of the century, a period of rapid trade expansion accompanied by trade?and typically somewhat later, financial?liberalization. Figure 1a breaks the century into four periods.1 In the inter-war era, the world turned its back on internationalism?or globalization as we now call it?and countries retreated into closed economies, protectionism and pervasive capital controls...
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