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It was now too late though, and the birth of globalization, headed by the trans-national corporations (TNC's) was in full swing. After the 1970's, when our world become more interdependent, the 1980's allowed for more intensification, and the driving factors of technology, international trade, and finance were facilitating globalization. The way in which globalization now operated economically was for the core countries to go into the periphery and exploit these countries for their cheap labor, abundance of primary goods, and lack of regulations. The TNC's would now bring their western influences into the rest of the world, sending back cheap goods, while putting the periphery into deep patterns of poverty and debt...
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