economy that was closely
connected with Argentina. Besides, the globaleconomic slump resulted from 9.11 troubled Brazil.
3. Analysis
3-1. Foreign-Exchange Risk
As we saw in the previous part, the value of real fluctuated dramatically as the political and
economic environments became instable in Brazil and nearby countries. The fluctuation of r
The concept of Globalization
The process of increasing interconnectedness
between lots of societies all over the world
Rapidly growing spread of ideas, cultures, and information around the world
International organizations, Non-governmental organizations(NGOs), transnational companies
as important actors in global politics
The more interdependent world economy
Internationalizati
global firms adjusting their systems to support rapid growth in world trade
Globaleconomic system and global world order driven by advanced networks and information systems
Growth of international trade has radically altered domestic economies around the globe
For example, production of many high-end electronic products parceled out to multiple countries
E.g., Hewlett-Packard laptop comput
globaleconomic crisis quite healthier than other big, manipulative countries and went through the recovery period. Speaking of which, people found themselves more generous to spend money for clothes than before.
Due to the economic capability gap between coastal and interior provinces and by far still underdeveloped transportation system among cities largely triggered by her gargantu
globalization considers that boundaries between the domestic and the external become blurred.
2) Examples
- In Politics: The Lybian revolution in 2011
- In Society: Global efforts to solve societal problems such as infectious diseases, environmental problems.
- In Economy: 2008 Global financial crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionaliz