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Trade liberalization
Trade removal of tariffs and quoters to encourage a free flow of goods and services between countries
This has been made possible by the WTO which advocates for free trade between countries
Capital liberalization
Exchange and investments controls were removed,capital was allowed to be traded in international markets
This allowed capital to move where it earned the highest returns
Multi national enterprises
They are the big companies that operates in different countries
They enjoy the advantages like savings on transport cost
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