... Corporations and the new technology. b) There are four main factors that have contributed to globalisation in recent years. Firstly, there is the freer movement of goods and services between countries. This is known as free trade and theoretically each country should concentrate in the production of those products in which is has absolute advantages, the greatest comparative advantages or the least comparative disadvantages. Free trade is promoted internationally and regionally by a number of trading blocs and organisations like so called "world wide clubs" and "regional clubs". The most important and relevant one is probably the World Trade Organisation (WTO). The WTO has pushed along globalisation because it discusses trade issues, establishes agreed rules and takes appropriate measures when these rules have been broken. It has 130+ members and membership is conditional on the grounds that countries must follow trade policies of a broadly free trading nature. The other main ...

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