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W 3
W 3
market was witnessed in late 20th century and the transition was majorly favored by the
establishment of free trade blocks, waiver on the strict trade policies by governments as well as
the advancement of technology and innovation in the 21 st century. Despite the establishment free
trade blocks and technology, the playground has never been leveled for every player as some
have gained favor in globalizations than others. The disparity surface due to difference in
managing global operations. For instance, developed countries are advantaged with the
technological innovations compared with developing countries. Develop countries have better
access to the global market thus boost profit margin for firms operating on a global market.