Leading to increased trade and investment flows.
Openness to international trade and investment.
Breaking down barriers to trade and investment.
Advancements in technology and transportation.
Leverage differences in resource endowments and comparative advantages.
Increases access to goods, services, and resources from different countries.
Zones of economic integration such as the European Union and NAFTA.
Accelerating economic growth and development.
Transnational corporations and global production networks.
International financial markets and institutions.
Ongoing challenges such as inequality, environmental degradation, and cultural homogenization.
New opportunities for businesses, workers, and consumers.