Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.
Sentiment: POSITIVE
Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.
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