FIN 370/Finance for Business/ Week 5 DQ 1

What is globalization? Why has globalization become so important over the last ten years? How will
globalization change financial management in the future?
Globalization is a worldwide economic movement towards financial trade and an integration of
communications. Globalization is looking to interconnect and interdepend the world with transfer of capital,
goods, and services across national frontiers. Globalization has become so important over the last ten
years for world trade, multinational production and international finance. The recent increase of
globalization advances communication, transportation and information technologies. Financial managers
will have to be aware of the global markets, exchange rates and also foreign business practices.