Underlying the trend towards greater globalization is technological change and a decline in barriers to the free flow of goods,services,and capital.

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Technological advancements such as the internet and transportation technologies have made it easier and cheaper for countries to trade with each other, leading to greater globalization. Additionally, the removal of trade barriers through trade agreements and liberalization policies has further facilitated the flow of goods, services, and capital across borders.

Underlying the Trend Towards Greater Globalization Is Technological Change and a Decline