But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is "farther, faster, cheaper, and deeper."But the policy and technological development in the last few decades has stimulated an increase in cross-border trade, investment and migration so large that many observers believed the world has entered a new era of quality in economic development of the country. Since the 1950s, such as the world trade volume has increased by 20 times, and from 1997-1999 the stream of foreign investment nearly doubled from $ 468 billion $ 827,000,000,000 this difference to the current wave of globalization from the previous ones, the author Thomas Friedman said today globalization is "farther, faster, deeper and cheaper.
การแปล กรุณารอสักครู่..
