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International trade goes back a long way. In about 4000 bc a stone axe factory was established in the Langdale Pikes, in the English Lake District. This factory was so successful that axes from it have been found as far away as the South of France – evidence that international trade occurred even before there were true nation-states. Globalisation is the natural extension of international trade.

Globalisation of business has been a hot topic in recent years, with debates and demonstrations about the morality of domination of markets by giant corporations. It has been an important issue in world politics, ...

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