GLOBALZN 1A03 Chapter Notes - Chapter 3: Economic Globalization, Investment Banking
18 Dec 2016
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Document Summary
Economic globalization refers to the intensification and stretching of economic connections across the globe. Giant flows of capital, mediated by digital technology. Which has increased trade in both goods and services. Can go back to ww2 with brenton woods thing. A commitment to expand international trade and it establishes binding rules of international economic activity. Created a stable money exchange, value of countries currency was linked to the value of the us dollar. From the bw we see 3 new organizations (imf, world bank, general agreement of tariffs and trade = world trade organization as its successor) Margaret thatcher, regen in revolution against cannibalism. 3 most significant development from economic globalization: Conversy of the issue of free trade. The idea that eliminating trade barriers gives consumers choice, and secure international relations. Everyone will be better off with the new technology. Gap between rich and poor countries and the gap is increasing.
