A large number of new records have been set in various dimensions recently. For example, FDI stocks/GDP were high before World War and it was unable to restore until the 90s. Several economists have argued saying that post world wars internationalisation has increased. Although new records were set. The present intensity level of trade as per Canadian and US data is falling far short of completeness. The trade figures are also not very impressive.
It is indeed very impressive to see countries like China, India and Soviet Union have changed their economic policies to become more International. Years in 70s to 95 saw a huge wave of economic integration among nations. Integration level has increased exponentially post the communism collapse.
It is indeed very impressive to see countries like China, India and Soviet Union have changed their economic policies to become more International. Years in 70s to 95 saw a huge wave of economic integration among nations. Integration level has increased exponentially post the communism collapse.