Chapter 10: Globalization

Question 1

GLobalization

Answer 1

interaction and integration among the people, companies, and gov. of different nations

• driven by international trade and investment and is helped by info technology
• effects the environment, culture, political systems, economic development and prosperity, and human well-being in societies around the world

Question 2

International Financial Institutions (IFIs)

Answer 2

Bretton Woods, says there are 2 main causes of the pre war economic downturn

1. lack of stables financial markets around the world let to the war
2. and the war itself was very distructive