Globalization is the buzzword of 1990. In the past 20 years, the United States has invested funds and total funds. The flow of goods between countries has been rising steadily. At the same time, trade barriers around the world have been reduced.
This more integrated global economy will ultimately benefit everyone, because it will enable countries to focus on those areas where they perform best-developing countries with large populations. Wage reduction will focus on labor-intensive industries (such as raw materials & ampMann manufacturing). On the other hand, richer countries will develop into high-tech industries with high productivity and high added value. Professional knowledge is the most important.
The result will be to increase the productivity of all countries, thereby improving the living standards. The free flow of capital will also contribute to the development of poor countries, so that they can give full play to their role. Play an active role in the world economy.