In recent decades globalization has become a topic of utmost importance. Whilst world gross domestic product (GDP) grew at a compounded annual growth rate (CAGR) of 5.1% over the last 50 years, international trade has outmatched this trend with a CAGR of 7.7%. © 2006 Springer.
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Abele, E., Elzenheimer, J., Liebeck, T., & Meyer, T. (2006). Globalization and decentralization of manufacturing. In Reconfigurable Manufacturing Systems and Transformable Factories (pp. 3–13). Springer Berlin Heidelberg. https://doi.org/10.1007/3-540-29397-3_1