Strayer, Chapter 24 (pp. 723-734)

In the 1970s and after major capitalists such as the United States  and Great Britain abandoned as many political leaders and business people view on globalization differently.  The world trade took off from the value #57 billion in 1947 to over $7 trillion in 2001.  Money also achieved an amazing global mobility in three ways, foreign direct investment, short term movement of capital, and the personal funds of individuals.  The problematic distribution in the new wealth was during the European Industrial Revolution.  Globalization divided many countries.