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The major milestones were the development of the internet and increased transportation technology. These two advances made the world coined "flat" and set the stage for higher living standards.
Countries such as Asia and Latin America have really harnessed these technology advances. They have been exporting their products and services on to the world wide market at alarming rates. Due to increased productivity in there economy there overall score card "GDP" gross domestic output per person has increased significantly. The higher the GDP, the better off the country and its people are theoretically supposed to be...
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