The two most important aspects of economic globalization relate to the changing nature of the production process
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Question:
The two most important aspects of economic globalization relate to the changing nature of the production process and the liberalization and internationalization of financial transactions. Indeed, many analysts consider the emergence of a transnational financial system the most fundamental economic feature of our time. Its key components include the
1. deregulation of interest rates,
2. the removal of credit controls,
3. and the privatization of government-owned banks and financial institutions.
Take a look at the Philippine economy, to what extent has economic globalization made an impact on the lives of Filipinos?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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