iving in many developing economies and lack of government legislation MNEs often locate in areas of high unemployment. Therefore they are likely to benefit from a continuous cheap supply of labour. In theory, this has led to the international division of labour.
3.5. Deregulation
National economies have become increasingly integrated, leading to a growth in the number of trading blocs and economic unions. The process has been facilitated by the increased mobility of both physical and financial capital, the latter reflecting the trend towards the abolition of capital controls, the deregulation of financial markets, and the opening up of capital markets in LDCs and in the former Soviet bloc.
4. Dynamic trade of globalisation 全球化的动态贸易
The European continent has seen a lot of dramatic changes over the past decades. Two world wars have been fought here and new countries have evolved every decade. With such a dynamic place as Europe one would think that trade would be a significantly contributing factor to the globalization of the continent. Taking this one step further it is most likely that other factors such as trade affinities are believed to facilitate trade flows between the trading parties which in turn have yielded a higher state of globalization.
In order to be able to determine the effects that trade affinities have had on globalization through time one must first start by determining the meaning of the word 'globalization'. Harris (1993) states in his article Globalization, trade, and income
'To economists globalization is generally thought of as the increasing internationalization of the production, distribution, and marketing of goods and services.' (Harris, 1993, p755).
By taking this one step further one can look at globalization as the term use when define the process, or evolution, of the welfare around the world. Although, Harris argues that the definition of globalization alters between subjects but that its importance remains the same no matter the discussion.
'However one defines globalization it is surely a development that is having a profound impact on the subject of economics as a whole and ought to have on the field of international economics in particular.' (Harris, 1993, p. 756)
To understand and describe globalization it is not enough to concentrate on the static aspect and the primary phenomena. Not less important for the globalization dynamic are the consequences and rebound effects.
4.1. Improve poverty
Poverty reduction has remained the central challenge to majority of the countries especially the developing countries. It is with the help of globalization that majority of the countries have been in a position to reduce their poverty levels. There is great evidence that with the introduction of globalization, it has been in a position to eradicate poverty levels and eventually accelerating growth in most of the countries. It is an important catalytic role in both accelerating growth and also at the same time reducing poverty levels. A good example in this case can be explained by analyzing the developing countries. The developing countries have been in a position to grow out of globalization especially in agriculture sector.
This is because with globalization, it means that there is a common mar
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