01:098:250 Lecture Notes - Lecture 8: Communist International, Online Banking, U.S. Bancorp
20 Oct 2017
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Document Summary
Presents a history or chronology of globalization. 2011-2020 un third international decade(related to past extra credit seminar) Guam 1 of 17 territories on targeted list(guam owned by us) Dramatic changes have occurred in finance, economic production, and movement of commodities. Due in part to new technologies related to the internet. Think of how convenient life has become through various advances, like amazon and shipping improvements through companies like fedex and ups, online banking. These life improvements represent economic globalization, how the economy contributes to making our world closer through convergence. The link between national and regional economies closer than ever. Gigantic flows of capital(money) by digital technology have increased trade in goods and services. Example: if a us bank sells toxic mortgages to unsuspecting investors and the mortgages fail, the effect won"t only negatively affect the investors but the whole economies will be hit causing regional or global economic slowdowns(or recessions)
