Reglobalization
Global Movements After the end of empires and the fall of communism, the countries in the world wanted to come up with better ways to govern this planet and improve relationships. After World War II, there were agreements made to help postwar globalization. According to Strayer on page 1025, the countries have decided to have a World Bank and the International Monetary Fund. The globalization in 1970's was known as neoliberalism (Strayer, p.1026). The world was now being viewed as a single market. "This approach to the world economy favored the reduction of tariffs, the free global movement of capital, a mobile and temporary workforce, the privatization of many state-run enterprises, the curtailing of government efforts to regulate the economy, and both tax and spending cuts." (Strayer, p. 1026) These changes were resulting in exchange of goods, capital, and people. The Migrations There were also new human migrations. Some of these resulted fro...