Whatever happens to trade policy barriers, however, technological innovations are likely to continue lowering nonpolicy barriers to trade. The other main aspect of globalized product markets is the growth of foreign direct investment. Between 1980 and 2003, U.S. corporations' direct ownership or control of affiliates overseas rose from 13 percent of U.S. GDP to 18 percent.
For example, some may think that banks are only playing a behind-the-scenes role to assist actors, or their partner firms, to provide financial services in BaaS.