Question

After World War II, the advanced industrial nations of the West committed themselves to increasing barriers to the free flow of goods, services, and capital between nations. True or False True False

Answer 1

Answer:    False

Explanation:  After World War II, the capitalist, industrial states of the West decided to reduce barriers to the flow of goods, services, and capital. Many international factors and the overall political situation in the world have contributed to this. One of the factors is certainly the strengthening of communism in the east of Europe, so the increase in the flow of goods, services and capital has contributed to the strengthening of capitalism and democracy, as a counterweight to communism. Reduced barriers such as various tax breaks on the flow of capital meant greater cooperation between the industrialized countries of the West and their strengthening. The idea of ​​a global free market, not only of capital and goods, but also of the idea of ​​democracy and capitalism, as opposed to the closed and strictly controlled bloc of communism, has already emerged here.

The idea that existed before, of an integrated world economy simply began to apply to a certain extent at that time, thus moving from the divided national economies to what we know today as the global economy.