The tremendous growth of international trade over the past several decades has both affected and been affected by of globalization. The volume of world trade since 1950 has increased twenty-folds-from $320 billion to $6.8 trillion, which exceeds expansion in the rate of production by three times. As a result, consumers around the world now enjoy a broader selection of products than ever before. A host of U.S. government agencies and international...
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Business Business & Investing Economics Political Science Politics & Social Sciences