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Information and money can be transferred at the snap of a finger. Goods and services produced in China can be in the US the very next business day. Some of the traditional international trade theories which support globalization include theories of free trade, comparative advantage, trade liberalization, and neoliberalism
b) List the major drivers of globalization and give three examples of each.
Three major drivers of globalization would be technology and communication, trade barriers, and social changes. Improved means of communication such as the internet, fax and cell phones have made the world a smaller place to live in...
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