p.p1 it made each country rely on another

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; font: 12.0px ‘Times New Roman’; color: #000000; -webkit-text-stroke: #000000}
span.s1 {font-kerning: none}
span.s2 {text-decoration: underline ; font-kerning: none}

enlargement and deficient macroeconomic adaption policies, During 1990s the promotions in  sector of information technology guided world trade to a second growth time. (WTO 2008).
Countries are not self-sufficient anymore in the global economy, and they are surrounded in trade at various levels to sell what they produce and to buy what they want. States typically produce some products very good and efficient than the other products to make better and beneficial international trade with their trade partners. Finally trade upgrades the efficiency of economic and it could be resulted that the globalization of production is providing to the globalization of trade.
There are three tendencies in global economy that can be said to form globalization flows. The value of international trade has increased. Thus, promote of international trade, both in utter terms and in connection to worldwide national revenue can be interpreted as the first tendency. The next tendency is the increasing role of multinational corporation since they are leading the international trade specially in case of the share of trade that is available within corporation. Eventually the last tendency is higher related development of trade in Pacific Asia as numerous economies developed an export-oriented development strategy that has been partnered with disparity in trade dealings.
Obviously, globalization has made the connection between developing countries and developed countries stronger, it made each country rely on another country. 
According to (Thirlwall 2003) “Developed countries rely extremely on developing countries for raw materials, oil and food, and markets for industrial goods, but Developing countries rely on developed countries for resource flows and technology.” Some of the most significant benefits of globalization are goods and people, that are transported easier and quicker across boarders and for result free trade between countries has increased, therefore, it reduced the probability of war between countries. 
Moreover, the development in the connection between the companies and individuals in the world assisted to increase free trade between countries and this helped to economy development. Nonetheless, in the developing countries globalization has a lot of economy and trade advantages.
Globalization has generated new chances for developing nations. Including, hold out promise, technology transfer, bigger chances to access to the market of developed countries, development and progressed productivity and living standard.
China is a good instance of a nation that globalization has had a vast impact. (Kim 2009) Argues that China, with its fast economic growth, has one of the important keys to the future of globalization in the post cold war. Since 1978, the Chinese government has worked in the direction of encouraging free trade, and in recent years the Chinese government has changed its policy from the administration of international trade by the Central Government, to giving much more autonomy in international trade to provincial governments and giving permission to private businesses to take part in international trade. 
In the beginning of the eighties, the economy of China was very weak and breakable. Living standards were below world averages, and there was barely any economic growth. Also, there was no inflation due to no extent in growth and unemployment rates were incredibly low, because there was no foreign trade and international businesses. With entering of globalization under the Deng Xiao Ping government in 1978 to China, as well as that adopting the “open door” policy with an outside looking government system, China’s system slowly remodeled to a socialist market economy, initiating Special Economic Zones in the Southern coastal provinces, starting up to trade with global economies.
International trade has helped economic development of China in three factors. First, international specialization happens that each country started to produce goods which they want in China for cheaper prices and this process has comparative advantages for those countries in order to obtain more goods compared with domestic production. Second, exports are an element of total demand and increasing on total demand assists the production of the country. Thirdly, 

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now