GLOBAL TRADE How It Affects You

As an economic phenomenon, globalization is a shift from distinct national economies to a global economy. In today's "global village," the production of goods has been internationalized, and money flows freely and instantly across borders. It is virtually trade without borders. In this system multinational corporations wield vast power, while anonymous investors can foster material prosperity or cause devastating depression in any part of the world.
Globalization is both a cause and a result of the modern information revolution. It is driven by dramatic improvements in telecommunications, incredible increases in computing power, and the development of information networks, such as the Internet. These technologies are helping to overcome the barriers of physical distance. With what results?.