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This paper is important to gain an understanding of the general context in which we are operating. Globalisation has surely benefited many countries since in the years of its success there was an increase in the average income. Globalisation also contributed to the reduction of general poverty. Forecasts show that despite protectionism, globalisation will not stop and in fact it has now moved to an advanced stage where emerging economies such as China generate new flows of FDIs and new economies (i.e. African countries) attract capital from all over the world.

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