IBUS Notes – Chapter 1

Economies o easy money policy o ex financial crisis

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Unformatted text preview: ation o Provides the means for globalization, internationalization to happen o Made it possible, affordable o India & China * o Information technology, communications, manufacturing, & transportation Information Technology o Science & process of creating & using info resources Communications o Everyone is conncected Manufacturing - - - - - - - - - - o CAD (computer – aided – design), low- scale & low- cost manufacturing Transportation o Technological advances have reduced the cost of international travel Societal Consequences of Market Globalization Contagion: Rapid Spread of Monetary or Financial Crises o Contagion: tendency for a financial or monetary crisis in one country to rapidly spread to other countries, due to ongoing integration of national economies...
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This note was uploaded on 02/12/2014 for the course IBUS 311 taught by Professor Chen during the Spring '08 term at Binghamton.

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