The Global Economy Flashcards
(6 cards)
1
Q
Szentes: ‘In economic terms globalisation is nothing but a process making the world economy an ____ by extending transnational economic processes and economic relations to more and more countries and by deepening the economic interdependencies among them.
A
“organic system”
2
Q
Significant Developments that Drive Economic Globalization
The “Golden Age” of Globalization – Peaked in 1914, after WWI
Economic Structures:
A
Transportation
Communication
Capital
3
Q
Transportation
A
Steamships,
Railroads,
Airplane
4
Q
Communication
A
Telegraph,
Internet
5
Q
Capital
A
Capital and
Immigration,
Remittances,
Free Trade
6
Q
A
