Friday, January 30, 2015

Economics of Globilization

Economics = Money.  And money makes the world go around.


So what is globalization? Consider the following 4 images. What clues do they offer you in understanding what globalization is?





So what do think globalization is all about?  How would you define it?




Here's the definition we'll be working with:

globalization (n): the deregulation of trade and finance in order to allow businesses and banks to operate globally; the emergence of a single world market dominated by transnational companies

deregulation (v): the act or process of removing restrictions and regulations
transnational (adj): operating in or involving more than one country