Sunday, December 12, 2010

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Comment this text on text on globalization globalization

Today, the world economic system, the result, of course, the immediate past, appears strongly conditioned by two recent factors: the technological and institutional. The first is a consequence of the progress of computer technology, particularly of the innovation represented by Internet , whose effects are not yet fully deployed in the eyes of the public, but whose broad scope has now become the instrument in fundamental characteristic of our time and even a key part of the so-called New Economy . The second is the predominance of a pronounced trend of economic liberalism adopted by most developed countries and major international organizations , with the result of putting in place numerous and extensive measures eluting market transactions and, all financial movements International which, in fact, leads to a transfer of power by governments and for large firms and investor groups worldwide.
The economics of modern international system is moving today, therefore, in a climate given by these two factors: possible almost instantaneous communications and financial transfers, on the one hand and, second, reaching liberalization of private operations and lack of control on them, which transfers a large set of important economic decisions from the democratic-controlled government level to the field of private power freed from social control. That is, in short, the structure that has come the market in its recent development, which has been given the name of GLOBALIZATION.
Sampedro, José Luis. Market and Globalization Destination Ed. 2004
On the following answer the following questions:
1. Who is indicated briefly José Luis Sampedro
2. Briefly explain the terms in bold
3. Make an outline of the text content
4. Indicates which is the author's conclusion about globalization
5. Make a reflection of at least ten lines in which the author's conclusion relations with the current global crisis

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