Submitted by drdrew on May 4, 2008

• Category: Administration
• Words: 319
• Pages: 2
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Globalization

The term “globalization� became a popular buzzword for describing business practices
in the last few decades, and it appears as if it will continue to be a key word for describing
business management throughout the new century. In this section, we review
a few key trends of the world economy: (i) the emergence of globalized financial markets,
(ii) advent of the euro (iii) continued trade liberalization and economic integration,
and (iv) large-scale privatization of state-owned enterprises.
The 1980s and 90s saw a rapid integration of international capital and financial markets.
The impetus for globalized financial markets initially came...

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