Globalization
Define the following terms:
globalization,
global trading,
global finance,
technology,
profit margin,
competition
“The inexorable integration of markets, nation-states, and technologies to a degree
never witnessed before-in a way that is enabling individuals, corporations and
nation-states to reach around the world farther, faster, deeper and cheaper than ever
before . . . . the spread of free-market capitalism to virtually every country in the world.”
- Thomas Friedman, The Lexus and the Olive Tree
As we view the link below, please interpret how the words:
Regulation, Governments Regulators, Lobbyists, Sherman Anti-Trust act are being used.
Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.
http://www.wetheeconomy.com/films
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