Change in World Demographics

In order to understand globalization, one needs to be aware of the change in world demographics. In past years, the United States was the dominant country in many economic aspects, such as world trade, FDI, and the number of multinational companies (companies with operations in other countries).

In the mid 1980s, another major economic force - the Soviet Union - was dissolved, resulting in the creation of a number of independent nations. Read the following article, Globalization and the Collapse of the Soviet Union (Original Source: EBSCO), to learn how this collapse had an effect on globalization.