The two most important aspects of economic globalization relate to the changing nature of the production process and the liberalization and internationalization of financial transactions. Indeed, many analysts consider the emergence of a transnational financial system the most fundamental economic feature of our time. Its key components include the 1. deregulation of interest rates, 2. the removal of credit controls, 3. and the privatization of government-owned banks and financial institutions. Take a look at the Philippine economy, to what extent has economic globalization made an impact in the lives of Filipinos. (information is very much accessible due to globalization use it properly...always indicate your references, make your work scholarly not just a mere opinion) (negative and positive impact of neoliberal policies

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter3: Exploring Global Business
Section: Chapter Questions
Problem 17CC
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The two most important aspects of economic globalization relate to the changing nature of the production process and the liberalization and internationalization of financial transactions. Indeed, many analysts consider the emergence of a transnational financial system the most fundamental economic feature of our time. Its key components include the 1. deregulation of interest rates, 2. the removal of credit controls, 3. and the privatization of government-owned banks and financial institutions. Take a look at the Philippine economy, to what extent has economic globalization made an impact in the lives of Filipinos. (information is very much accessible due to globalization use it properly...always indicate your references, make your work scholarly not just a mere opinion) (negative and positive impact of neoliberal policies)

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