ABSTRACT
Globalization is defined as the process by which the world is moving toward increasing economic unification and integration. Global instability spreads via three different mechanisms: international trade, international investment, and international finance. As part of globalization, computers now allow all financial information to be updated immediately all over the globe. In addition to movements of monetary investments, globalization has brought swift movement of jobs. One important issue in the debate over outsourcing is that the present process of globalization has been dominated by the giant corporations. The Classical view stresses that corporate-led globalization is a good thing because corporations can easily move assets around from places of poor demand to places of strong demand. The more the global economy is integrated in the process of globalization, the more vulnerable the whole world is to the rapid spread of deep recessions and financial crises.
