A Critical Appraisal of the Determinants of Global Integration

Introduction The present nature of the world economy is one of expeditious change. National economies, previously secluded from other nations by trade barriers, physical distance, time zones, different languages and culture, differences in government policy, and business practices are now merging. Determinants include reductions in trade barriers, advances in transport and telecommunications technology, and a convergence of material culture. Today, many national economies have advanced into an integrated global economic system. This process of global …

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