Despite much loose talk about the new
global economy, today’s international economic integration is not unprecedented.
The 50 years before the first world war saw large cross-border flows of goods,
capital and people. That period of globalization, like the present one, was
driven by reductions in trade barriers and by sharp falls in transport costs,
thanks to the development of railways and steamships. The present surge of
globalization is in a way, a resumption (恢复) of that previous trend. The earlier
attempt at globalization ended abruptly with the first world war, after which
the world moved into a period of fierce trade protectionism and tight
restrictions on capital movement. During the early 1930s, America sharply
increased its tariffs, and other countries retaliated (报复), making the Great
Depression even greater. The volu A. large cross-border flows of people B. development of railways and steamships C. sharp falls in transport costs D. emergence of network [单项选择]Passage Three
|