Pellentesque dapibus efficitur laoreet. A comparison of the waves of globalisation in the last two centuries with the earlier waves shows clearly that the duration of each wave is becoming shorter. - Integration started to increase due to changing protectionist . Lorem ipsum dolor sit amet, consectetur adipiscing elit. Biotech firms are engaged in a frantic race to patent DNA sequences, microorganisms, plants, animal, human genetic matter and all other kinds of biological material, as well as in all kinds of genetic modification experiments to explore commercial possibilities. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The two waves are superficial similarities but are fundamentally different. The freedom to share and exchange information and knowledge will be recognized and protected. According to Porat's calculations for the year 1967, 25.1 percent of the U.S. GNP was produced in the Primary Information Sector, that is, the part of the economy that produces, processes, and distributes information goods and services. 2021CorpWatch, all rights reserved. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. When we are talking about globalization, we are talking about a cross-border or trans boundary phenomenon or fact. "The best lessons of our era. And at the time when the wave is getting high, the power comes form that dynamism. Pellentesque dapibus efficitur laoreet. These corporations needed new markets and investment areas, rather than colonial territories that were becoming more and more difficult and costly to retain politically and militarily. There is enough literature that describes the dominance of the information sector in the U.S. One of the earliest is a landmark study by Marc Porat, who analyzed some 201 industries in the United States in 1967. While we are still saving money to upgrade our obsolete computers, they will have multiplied their investment funds many times over. During the period 1500-1800, world trade increased by about 1 percent per year. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet.