Globalization

Globalization in the Economy
The world of today is gradually getting more unified socio-economically and politically. Economic globalization or globalization in every sense in the whole world we see an increasing integration of the world production, consumption and the financial markets with a concurrent homogenization of culture worldwide.
Globalization of the world economy has been especially pronounced after World War II and the Great Depression of the 1930’s in the USA. Technically, globalization on the economic front refers to the integration of product prices, labor wages, interest rates and rates of profit toward developed country standards.
If we see the general case in our country Costa Rica we can realize that after the crisis in 2008 the economy is still fine, people are buying cars, houses, and they go to the movie theater, what I want to mean is that we have a good position in comparison with our neighbors from central America, the fact here is that Costa Rica is an interesting place for investments and make money, an example is that we have a hospital called Hotel Clínica Bíbllica, just imagine foreigners come here to pay less money for a medication treatment and besides that they discovered our country as a place to come and established a company and of course produce a big quantities of dollars.
In today’s newspaper I was reading that our passive basic rate of interest is around 7.5% which is still low and awesome for the consumers, this moment is a good option for investments especially for those which used to play the big play in the market called repurchased that consist on buying a title on the market in a small price and then in the previous time sell the shares and get profits.
Actually in Costa Rica Franklin Chang is development a project with 100 000 shares and each one costs $25000, that it’s a strategy to educated the society and invest. A funny phrase used by economics is “depend” due to we never know when things are going to changed.