Although trade between and among nations is not new, global trade entered a new phase after World war ll.
The defining characteristics of the post-World War II era are liberal capitalist countries, and an increasing number of developing It was a dramatic increase in economic integration between the Communist countries.
Economic historians most often cite global trade policy liberalization as the main cause of the post-war trade boom. In the decades following World War II, trade barriers established between the two world wars were gradually removed through a series of political agreements.
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