Research Paper on:
Currency Transaction and Globalization

Unformatted Sample Text from the Research Paper:
globe, the workers, business owners, and elected officials of the world have experienced massive changes. Economic globalization and the rise of information technologies have set in motion an almost total  reconfiguring of the organization of the worlds economy. Globalization has ultimately expressed itself as the long-term effort to integrate the global dimensions of life into virtually every nations economics,  politics, and culture. In fact, it should be noted that national development has ceased to be simply isolated efforts toward advancement and have now become part of the much larger  global process. The "New" Financial Model The important transitions and interruptions taking place in what were once normal processes have required the development of new categories for analysis,  new ways of thinking, as well as new political and economic practices as well (Sassen 629). Since the late 1980s, the forces of globalization, comprising principally of privatization and trade  liberalization have been applied extensively, although not uniformly, throughout the economies of the nations of the world. As international businesses continue to work toward expanded and improved degrees of efficiency  and investigate new market opportunities, "it also finds ways to lower costs and enhance its competitive position, regardless of the national or regional barriers placed in its path" (Kedia 22).  One of the ways that such boundaries have been removed or minimized has been the establish of international economic considerations that lessen the complication of dealing with multiple currencies in  trade and business. Certainly, the introduction of the European Unions common monetary unit, the euro, is proof of that process. However, one must consider how far such commonality can be  either developed or expanded upon. As with any other economic problem, a level of diminishing returns is ultimately reached and must be considered in terms of long-term feasibility compared to