![]() So this led to a new concept for the world. ![]() The other reason is the Second World War which was held due to the economic gains and benefits between the counties. The benefit of this is to the countries who do not have much source to utilizes their resources so that they can attract the large foreign investment in their countries. But now the scholars of prosperity have though that the world would be become more peaceful and good place to live in when all the countries and their representatives coordinate with each other. The aim of these tariffs was to protect the local industries of those countries. After the establishment of GATT (General Agreement of Tariff and Trade) it is the trade agreement between the countries that are willing to carry the free trade around the world. After the establishment of the world trade organization in which many countries participated due to the free trade agreements in the countries around the world. ![]() ![]() First of all the decreasing and lowering of the trade and investment hurdles internationally is one of the important reason. There are many issues which are resulting as the driver of the globalization and they are playing important role in the globalization of products and services. ![]()
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