Essentials of Economics

Krugman, Paul; Wells, Robin

4th ed.

New York: Worth Publishers, Macmillan Learning, 2017

p. 569

In recent decades, however, new technologies for transportation and communication have interacted with pro-trade policies to produce an era of hyperglobalization in which international trade has soared thanks to complex chains of production like the one that puts an iPhone in front of your nose.

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