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Globalization - Coggle Diagram
Globalization
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3 waves
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Wave 2 (1945-1980)
reduce transportation
reduce trade barries
agglomeration economies
developed countries
Wave 3 (1980- now)
developing countries
increase manufacturing
reduce tariff
capibal movements
labor flows
outsourcing
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Definition: a process of greater interdependence among countries and their citizens
= free market
= open market
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