The decline of communism ushered in a new era of globalisation, characterised by the rapid transfer of technology and capital, the liberalisation of migration flows, and the division of global production into technological zones engaged in intense cooperation and trade.

The decline of communism ushered in a new era of globalization, which was characterized by the rapid transfer of technology and capital, the liberation of migration flows and the division of world production into technological zones that entered into processes of rapid cooperation and trade exchange.