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Among many are few theories that support the concept of the globalization which include Smith’s theory in 1776 called free trade which was proposed that there no government to be influenced to restrict quotas or duties. (Hill, 2005) Another theory called comparative advantage also suggests that unrestricted free trade would increase the world’s production where it is beneficial for everyone. (Hill, 2005)
Drivers of Globalization
There two major factors that shifted the trend toward globalization which are declining of trade barriers and developments in communication, information and transportation...
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