December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Globalization | 575
number in the middle class group and the increasing number in the poverty
group have been observed within the globalized and the deregulated nations.
Globalization was responsible for the largest sovereign debt default in the world
history, bankrupting the entire nation of Argentina in 2002. Globalization did,
however, benefit the business and finance sectors, that the large corporations
and multinational banks were able to move over US$40billion in cash, out of
Argentina literally in the dead of night, as there were no regulations in this
deregulated and globalized country to prevent them from doing so. The banks
locking ...
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