Global Economy Dynamics and Major Financial Centers
Understanding Economic Globalization
Relations of wealth between different parts of the planet are more intense than ever, and companies tend to act in the global space. Economic globalization has four primary features:
- International trade has grown significantly.
- New production organization: Multinationals (companies present in several countries that conduct part of their activity abroad).
- Movement of money is becoming increasingly intense.
- Trade agreements between countries are becoming increasingly numerous.
Globalization would not have been possible without the Internet.
Key Institutions of the World Economy
There are international institutions and organizations whose actions determine the functioning of the global economy:
- World Bank: Focuses on