<Ul> <Li> Elimination of tariffs; creation of free trade zones with small or no tariffs </Li> <Li> Reduced transportation costs, especially resulting from development of containerization for ocean shipping . </Li> <Li> Reduction or elimination of capital controls </Li> <Li> Reduction, elimination, or harmonization of subsidies for local businesses </Li> <Li> Creation of subsidies for global corporations </Li> <Li> Harmonization of intellectual property laws across the majority of states, with more restrictions </Li> <Li> Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the United States) </Li> </Ul> <Li> Elimination of tariffs; creation of free trade zones with small or no tariffs </Li> <Li> Reduced transportation costs, especially resulting from development of containerization for ocean shipping . </Li> <Li> Reduction or elimination of capital controls </Li>

When did the current wave of globalization start