Globalization_and_the_World_Market

Globalization and the World Market Globalization and the World Market There are three words that were almost unheard of, until just a few years ago. Today we see them everywhere. Business Week and U.S. News and World Report magazines have sections dedicated to them. Do you know what they are' Globalization and the World Market. Now, do every day citizens realize what is truly meant and how closely related they are' Globalization has made this new world market, and the world, as well as the United States of America will benefit greatly from it. There will, however, be some “growing pains” felt by the countries involved. In the end though, the good will outweigh the bad. The world will be a better place. The phenomenon of globalization is itself global, that is to say, all-encompassing. It is the general movement of industry into multinational ownership. What globalization above all signals is a fundamental transformation in the primary arena of human economic activity. The marketplace is in effect changing venues. In past times it made sense for economists to take the national economy as their main point of reference, yet this is no longer the case. Therefore, I argue world, globalization, markets, market, business, now, countries, today, people, because, process, own, one, loss, states, result, new, nationality, national, industry, global, capitalism, alabama, years, united, today’s, made, greater, good, felt, economic, diverse, communication, case, been