some argue that globalisation is not new,and that the world was more integrated a century ago. trade and investment as a proportion of GDP were comparable, and grating abroad.what is new this time/
new markets: growingglobal markets in services- banking,insurance,transport.new financial markets deregulated,globally linked,working around the clock,with actioon at a distance in real time.with new instruments such as derivatives.deregulation of antitrust laws and proliferation of merggers and acquisitions, global consumer markets with global brandas.
new actors and a
new rules &norms also adapted.
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