The transaction that occurs between diverse industries across countries creates "a globalized economy".
Since the second half of the 20th century, trade between countries has suffered exponential growth. This is due to 2 reasons:
- Some countries have more developed industries in certain fields. This is what effectively generates trade, as a country will import the goods it does not produce or lacks the conditions to do so.
- Production factors such as raw materials or workforce are cheaper in certain countries. This has led companies to move their production to these latitudes.
Answer:
One of long-term conflict.
Explanation:
The 20th century involves periods between 1 Jan 1901 – 31 Dec 2000. During this period Iran and Iraq were still at loggerheads. They share the same land borders which was one of the main causes of their disputes. After Iran’s revolution Saddam Hussein who was the President of Iraq decided to launch aggressive attacks on Iran due to the border conflicts. He also launched the attacks in order to control the ownership of Iran’s oil. The dispute lasted for about 8years before the dispute ended and they then became very good neighbors.
