Today's economies reflects a high degree of _____ ______ between countries and their citizens; which is the dependence of other countries for resources, goods/services. 

Economic Interdependence 

What are the 4 forces driving globalization ? 

1. Technological changes 

2. Multilateral trade negotiations 

3. Widespread liberalization of investment transactions 

4. Development of international financial markets 

In what years did the 1st wave of globalization exist? 

2nd wave? Latest wave? 

1st wave: 1870-1914 

2nd wave: 1945-1980

Latest wave: 1980 - present