How Did Globalization Affect the World Financially?

An In-depth View of the Economy

Globalization has always been serving as one of the major keys in the progressive development of the world?s economy. It is the matter of facts that because of the globalization, the economy on our planet has improved drastically, as it is the only way to unite the world?s markets. On the other hand, it has also left a tremendous mark of negative affection by leaving the old problem such as inflation (a process which causes a certain money unit to lose its value tremendously over a short amount of time) unsolved, and, also accidentally creating the new forms of recession such as economical crises. It ...

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it could have done a much better job in developing a safer financial world if the following points have been considered and followed: thoroughly learn and solve the mistakes and problems of the past and check for the possible similarities within the current globalization step, take a structural and realistic approach to the inflation, imbalances and crises and relate the possible solutions to them, create and imply the new potential model of financial globalization through research of causes and impacts of liberalization in whole, and prospecting the Gross Domestic Product (also GPD, meaning total value of all goods and serviced produced by a certain nation over one year) growth rate in correlation with its market growth.

What Is Globalization?

According to Judith Craig, ?as a whole, globalization is a process of interaction and integration among the people, companies, and governments of different countries, a process driven by international trade and investment and ...

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of the available goods. Because of the immerse amount of trade and open market opportunity, globalization offers a much broader set of opportunities for companies and organizations to take advantage of the other superior markets around the world by introducing their own product and technology to other parties, companies will have more access to up-to-date technologies, have cheaper import trades (by buying from another organization that have excessive amount of that good), and larger export markets ? therefore fulfilling the primary role of economy ?buy low, sell high?.
Now that the basic aspect of globalization becomes clear, the question of its reliability arises. Claimed by ...

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Globalization. (2011, June 1). Retrieved March 20, 2018, from
"Globalization.", 1 Jun. 2011. Web. 20 Mar. 2018. <>
"Globalization." June 1, 2011. Accessed March 20, 2018.
"Globalization." June 1, 2011. Accessed March 20, 2018.
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Added: 6/1/2011 06:13:37 PM
Submitted By: sange1912
Category: Economics
Type: Premium Paper
Words: 1829
Pages: 7

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