Globalization of economic activities has been advancing very rapidly in recent years. From the end of the Second World War until the early 1980s, international trade was the single most important means of globalization. Rapid expansion of foreign trade, resulting largely from trade liberalization under the auspices of the GATT, advances in communication and transportation technologies contributed to remarkable growth of the world economy. It is also well known that one of the factors that led to high economic growth in Japan was the expansion of foreign trade.1.
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Social Sciences(all)