Global Integration

Global Integration

1. The interdependency among the countries of the world especially within financial markets and telecommunications.

   • Telecommunications
     • Long distance communications, usually electronics using communication satellites and fiber-optic cables.
     • It has been a factor that has created an increment in global integration.
     • Internet
       • The rapid increase of this has been an important aspect for the world wide communication system.
     • It also affects the cultural tastes and buying habits in many countries.
       • This has happened because people are influenced by what they see on the media.
     • Thanks to Telecommunications the world is now a financial market.
       • Money and financial markets are truly global and many stocks and bonds are traded on them.
         • Trading in the US government securities is the worlds fastest growing 24 hour market.
           • US economy
             • Represents major part of world economy
             • If their market falters so does the economy worldwide.