Globalization became a huge part of the world. Globalization is the immense growth in the international economic transactions. It has been said that globalization was a natural process, inevitable, and unstoppable. I do not think that there was a way to stop it, because in order for us to evolve they world had to go through a lot of change. Technology was a major contribution to the acceleration of the economic globalization. An example is shipping huge oil tankers, and air express services lowered transportation cost but fiber optic cables and the internet provided the communication. During the 1970s it seemed as entire world was a "single market".
Money became an amazing mobility in three ways. First the foreign direct investment where rich countries take advantage of cheap labor, tax breaks and looser environmental regulations. Second the form of money in motion has been in short- term movement and where investors spend trillions of dollars purchasing foreign currencies and stocks, that they think will increase in value. Lastly, capital movement involved the personal funds of individual. Many people also migrated into other countries in search of better job. Many also left home because of political oppression or civil war at home.
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