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The world is truly global. This need to internationalize is accelerating because of the self-interest of these organizations as well as the effect of a variety of external events.
Today, more than seven eighths of the world's economic states have some form of market economy. A few large trading blocs such as the European Union and NAFTA (the North American Free Trade Agreement between Canada, Mexico, and the United States) have emerged and are growing.
Once- developing countries, like China, are economic powers. .
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