Technology and institutions in promoting globalization

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The Ages of Globalization by Jeffrey Sachs examines the importance of geography, technology, and institutions in promoting globalization. According to Sachs, technological advances in navigation and shipbuilding, as well as changes in political and economic structures, enabled the creation of global trade networks and the integration of formerly isolated parts of the world. Sachs also investigates the impact of institutions and political power on economic development, as well as the significance of inclusive institutions in encouraging long-term economic growth.

Reference no: EM133981472

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