![]() ![]() These tendencies, in turn, would promote cross-cultural understanding, encourage the spread of liberal democratic norms and institutions, and enhance the prospects for international cooperation and peace. It has been widely believed that globalization, the ever-closer integration of the world’s economies and societies, would lead to improvements in efficiency, rising levels of income and well-being in all nations, and a narrowing of the gap in living standards between rich and poor countries. ![]() Since the end of the Cold War, political, business, and opinion leaders in the advanced industrial democracies have tended to accept as an article of faith that expanding cross-border flows of goods, capital, information, ideas, and people are inevitable, irreversible, and, for the most part, positive developments. ![]()
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