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It is an order of faith among protesters that globalization is a recent phenomena that has been driven primarily by international institutions. And it's predecessor, the General Agreement on Tariffs and Trade, have facilitated the reduction of trade barriers over the years. But their impact has been decidedly modest. The great events that opened up the world economy—the embrace of reform in China and the abandonment by many developing countries of their "import substitution" development model—all occurred outside the context of trade negotiations. Since the mid-1980s, more than sixty developing countries have unilaterally lowered their barriers to trade and foreign investment. Even more have flocked to join the WTO. Today more than three-quarters of that body's members are developing countries, with another twenty desperately wanting to join.

The main idea of the paragraph

According to the protesters, the international institutions played some and limited role in the process of economic globalization. Actually, China's reforms and the abandonment by many developing countries of their "import substitution" development model contributed more.

根据抗议者的观点，国际机构在经济全球化的过程中起了一些作用，但很有限，实际上，中国的改革和许多发展中国家摒弃"进口替代"发展模式的做法起的作用更大。

句子分析

The great events that opened up the world economy – the embrace of reform in China and the abandonment by many developing countries of their "import substitution" development model – all occurred outside the context of trade negotiations.

在此句中：

　　1）"The great events all occurred outside the context of trade negotiations"是主句

　　2）"that opened up the world economy"是限制性的定语从句，修饰名词"the great events"

　　3）两个名词短语"the embrace of reform in China"和"the abandonment by many developing countries of their 'import substitution' development model"作同位语，说明"the great events"的内容

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