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Ilova 2 (22.1)
Stock Exchanges

Complete the crossword below.


Across
1 The city which is the financial capital of Germany. (9)
5 Goods like coffee, tea, cocoa, metals and oil that are traded in large quantities. (11)
6 The index of share prices in the New York Stock Exchange. (3, 5)
7 An acronym for a company that has shares quoted on the UK Stock Exchange. (3)
9 A computer measurement of the share performance of 100 leading UK
companies. (7)
10 A contract to buy shares at a fixed price in the future. (6)
11 A part of a company's total capital that can be bought and sold. (5)
Down
2 A method of raising capital by selling new shares to existing shareholders at a
low price. (6, 5)
3 Safe investments in the largest and most powerful companies. (4, 4)
4 A relatively safe investment issued by governments or large companies which
earns interest for the holder. (4)
8 The place where stocks and shares are traded in Paris. (6)
Ilova 3

Globalization and Its Characteristics


Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonald's in Japan, French films being played in Minneapolis, and the United Nations, are all representations of globalization.
The idea of globalization may be simplified by identifying several key characteristics:

Improved Technology in Transportation and Telecommunications


What makes the rest of this list possible is the ever-increasing capacity for and efficiency of how people and things move and communicate. In years past, people across the globe did not have the ability to communicate and could not interact without difficulty. Nowadays, a phone, instant message, fax, or video conference call can easily be used to connect people. Additionally, anyone with the funds can book a plane flight and show up half way across the world in a matter of hours.
In short, the "friction of distance" is lessened, and the world begins to metaphorically shrink.

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