Rapid innovations in technology, particularly telecommunications and transportation, have accelerated the globalization process in recent years, and a number of positive outcomes have been associated with these trends, including increased levels of international commerce and improved cross-cultural understanding and communications. Despite these significant positive outcomes, the same globalization processes have also further exacerbated existing economic and political inequalities between developed nations such as the United States and the United Kingdom.

8% in the fourth quarter of 2008.... [a]sharp slowdown in finance and insurance, a further contraction in construction, and a deceleration in durable-goods manufacturing were the leading contributors to the economic slowdown" (Overview of the U.S. Economy: Perspective from the BEA Accounts, 2009, BEA). Still, Europe is experiencing its worst economic downturn since the Second World War. Its more precipitous decline contradicts initial economic expectations that the European Union might

The concept of the business cycle is that the rate of growth in an economy will shift over time, but in a more or less repeatable pattern. The structure of the pattern is, roughly, that economies will grow quickly, then a turning point will occur and the economy will turn into recession. After a trough, the business cycle will begin anew with a fresh period of growth. For most Western economies,

growth of the Korean automobile industry in the Unites States from a trade and finance perspective. Use eight sources of information. Korean Auto Industry Red To begin an investigation into the Korean automobile industry, we first have to start with some basic facts about the Korean Passenger car Industry. The South Korean auto industry is the second largest in Asia and has been one of the key growth industries, along with construction, shipping

Corporate Finance Defining the term "good company" on the terms of it recently experiencing rapid growth may be premature in realizing its worth as an investment. Rapid growth is a tricky idea and may lead many investors down the wrong path if they are unaware of the basics of stock valuation and determining what is right, prudent and wise. Although rapid growth may be an indicator of in fact a very

Future of the Cruise Line Industry The cruise line industry, along with the entire travel segment, suffered considerable losses in revenue immediately following the September 11, 2001 World Trade Tower attacks. This drop in ticket sales, coupled with a weak economy, has severely hurt the cruise line industry. Some companies have filed bankruptcy and there have been many buy-outs and mergers as a result of recent events. In the short