Strategic Investments

Globalization - its effect in the financial industry and financial markets

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Effects of Globalization in the financial industry and financial markets

Introduction

The world has changed the way business deals are being made . The globalization of business has brought about enormous changes in the economic setting of most countries in the world today

Globalization Defined

Globalization is described as the process by which national economies integrate with the international economy or open their markets to the international scene by means of trade , foreign investments , capital

br flows , migration , exchange and spread of technology and manpower . This process has paved the way for more business opportunities , employment more competitive prices , more choices in terms of raw materials , and better international relations , among others

Factors that brought about Globalization

A number of factors have brought about this enormous change in the world 's economic landscape . One major factor is the initiation of modern technology into people 's lives (Maps of India , 2009 )The speed of communication , gadgets , computers , and other implements of modern technology have indeed made the world a smaller ' place

Messages that used to be indecipherable , that take several hours or even days to read and decode can now be easily received and read in a matter of minutes , with just the tap of one 's stylus . Letters that used to take days or weeks to get to the recipient can now reach the addressee with just one flick of a key on one 's laptop

Travelling from one...