Chapter 23: Module 8
2. What factors contributed to economic globalization in the second half of the twentieth century? A few components were that industrialist victors from WWII were resolved to maintain a strategic distance from any arrival to such Depression-period conditions. The World Bank and the International Monetary Fund established the framework for after war globalization."Bretton Woods system" arranged the standards for business and money related dealings among the significant entrepreneur nations, while advancing generally organized commerce, stable cash esteems connected to the US dollar and elevated levels of capital investment. And innovation added to the quickening of financial globalization with containerized delivery, tremendous oil tankers, and air express administrations drastically brought down transportation expenses, and fiber-optic links and the Internet gave the correspondence foundation to a worldwide financial association. The populace development in creating natio...