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Recent new developments in the global economy, however, have obliterated some of these spatial barriers. Scholars have begun to question the effectiveness and eventually, the existence of national boundaries. To them today’s global economy has witnessed the emergence of a borderless world. We have entered into a world in which investment, industry, information flow and individuals move relatively unimpeded across national borders. This so called borderless world has several distinctive tendencies according to Ohmae :
1. Investment is no longer so that capital can flow to places that provide the best opportunities...
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