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USA had 3 cold war initstive for asian trade after WW2 (engines if globalization). can uou explain what they are what were the results of these initiatives? (100words)
USA had 3 Cold War initiative for Asian trade after WW2 (engines of globalization). Can you explain what they are what were t
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Technological revolution , political liberalisation and economic liberalization are the engines of globalization .All people experience the benefits of globalization .Globalization has led to the expansion of foreign trade .It is the key driver of unprecedented economic growth.After the second world war trade started growing again which had declined after the first world war.In this period international trade grew faster than ever before.Trade has helped raise the income of the poor and also average income .Global inequality was lower after WW2, but inspite of the economic growth today, there is much inequality in the world .Inequality is more in countries that have pursued trade liberalization.This is very much evident in the US.

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