... .""36 Also, worldwide debt has exploded, sending many highly populated countries into severe debt. This has challenged the abilities of the IMF and the World Bank to keep the world economy on an even keel. " A trillion dollar debt has spread among nations ill able to repay these such a large sum of money.""37 to put this into a surprising perspective, "to represent ... the Andes, understand what nuclear weapons are, and the danger to their lives? How can one help a factory worker in Europe or America understand the links between the price of coffee he drinks, and famine in Bangladesh or ...

• Word Count: 5612
• Approx Pages: 22
• Grade Level: High School

GLOBALIZATION Globalization is a very important transformation which will affect each part of our lives. Most of us think that globalization is just about finance and economy. However, it is based on the improvement of technology. Especially, since the internet has become a part of our lives, the style of production and commerce. 20 Years ago only 1/3 of ... the world. Coca-Cola, for instance, is a wide company and has become an icon of globalization. We all think Coca-Cola as an American firm. However, as of 1998, North America accounts for only 34% of Coca-Cola's sales " and only 24% of Co...

• Word Count: 1566
• Approx Pages: 6
• Grade Level: High School