Monetary Economy and Globalization

04/11/2013 09:49

Paul J. Dejillas, Ph.D.

Mediated economy initially started within the tribe, then, between tribes, communities, towns, cities, regions, and nations. Now, it is becoming a global phenomenon triggered by the rapid advances of new technologies that facilitated speed in the transmission of information and knowledge, distribution of goods, movement of people, and in the instantaneous transfer of money across the globe. This phenomenon is now popularly known as “globalization.” [Read more] ...