ADM 3318 Study Guide - Final Guide: International Monetary Systems, Foreign Exchange Market, Trade Barrier
Document Summary
Refers to the shift towards a more integrated and interdependent world economy. Free trade: after world war ii, many obstacles to free trade were removed. Trade agreements such as the north american free trade agreement (nafta), as well as the. World trade organization (wto) have contributed to the spread of globalization. Capitalism: the switch of many nations to market-based economies and capitalism has advanced globalization"s reaches. Democracy: events such as the fall of the berlin wall and the end of the soviet union have led to more open societies. Internet: the internet aided in the rapid spread of ideas and has helped in the formation of global society. Popular culture: the popularity of movies, music, actors, musicians and television and the availability of them across the globe expanded globalization. Become aware of changing trade patterns, flows of foreign direct investment and the increasing importance of multinational corporations. Become familiar with the principle controversies over globalization.
