Chapter 24 Part 1

This section mainly is talking about Globalization. It says that globalization most commonly refers to  to international economic transactions. Globalization has come to seem inevitable to many ever since 1950. Global economic transactions quickened dramatically after WW11. World trade sky rocketed and money became highly mobile globally. International credit cards, short term investments, and foreign direct investment came about. Economic globalization brought about the immense creation of wealth allowing life expectancies to rise and infant mortality to decline, literacy rates increase, and overall a decline in poverty.