1. Importance Of Globalization
... fell forty eight percent in 1997! When U.S. Secretary of Treasury Robert Ruben was talking to Mahathir he referred to Globalization as an electronic herd. " The electronic herd is often an anonymous stock, bond, currency traders, and multinational investors connected by screens and networks. The ... herd knows whom it rules. But the rules of the herd are pretty consistent. They are the rules of the golden strait jacket," said Mr. Ruben ... P.C. and a modem who can trade on line all over the world. The long horn cattle are multinational companies like General Electrics, the IBM's, and t...
- Word Count: 461
- Approx Pages: 2
- Grade Level: High School