1945

1.1 In recent decades, advances in technology and communication, increasing capital movements and dominance of multinationals as well as reductions in shipping costs have redefined global production. With firms re-organizing themselves to maximize efficiency and minimize taxation, globalization has brought more trade, capital flows and movement of people across borders. Globalization has led to tighter integration of economies worldwide. This complicates economic measurement. Why? Largely because the production of our ‘bread and butter’ statistics is nationally focused and based on residency.

Sustainable Development Goals:
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