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Globalisation (Benefits (Stiglitz (2002) (increased trade, technology…

- - - - Immigration restrictions
      - Collapse of international financial system and rise of capital controls
      - Rise of protectionism
      - Rapid decline in FDI and rise of import substitution industrialisation
      - Two world wards and a depression
  - - - Drop in tariffs
      - Return of FDI
      - Renewed and enhanced international cooperation
        
        ECSC-EEC-EU
        
        IMF
        
        EPU
        
        World Bank
        
        Marshall Plan
        
        GATT-WTO
      - Growth of MNCs
  - - - Mass migration
      - Integration of goods and capital markets
      - Rapidly falling transport costs
        
        Maritime
        
        Railways
      - Rise in foreign direct investment (FDI)
- - - - evaluation: many economists argue that technological change is a bigger factor for job losses