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'''Global Economy''' was a [[concept]] associated with the twentieth-century [[evolution]] of financial [[markets]] and institutions, where [[tradition]]al geographic boundaries did not restrict [[economic]] transactions and consumer activities. The global economy applied to the increasingly international transaction characteristics of banks, industries, businesses, and other economic institutions. A global economy of [[finance|financial]] markets was attributed to international deregulation of financial markets; technological advances to provide for the careful monitoring of world markets; and increased institutionalization of worldwide economic institutions.  

'''Global Economy''' was a [[concept]] associated with the twentieth-century [[evolution]] of financial [[markets]] and institutions, where [[tradition]]al geographic boundaries did not restrict [[economic]] transactions and consumer activities. The global economy applied to the increasingly international transaction characteristics of banks, industries, businesses, and other economic institutions. A global economy of [[finance|financial]] markets was attributed to international deregulation of financial markets; technological advances to provide for the careful monitoring of world markets; and increased institutionalization of worldwide economic institutions.  

In a global economy investors and lenders viewed international loans and securities as comparable to domestic or local transactions. Banks and other financial institutions in a global economy participated in both foreign and [[domestic]] markets. A global economy was encouraged by advances in data-processing and telecommunications monitoring, liberalization of worldwide capital funds, deregulation of local capital markets, and increased international competition among markets and economic institutions.

In a global economy investors and lenders viewed international loans and securities as comparable to domestic or local transactions. Banks and other financial institutions in a global economy participated in both foreign and [[domestic]] markets. A global economy was encouraged by advances in data-processing and telecommunications monitoring, liberalization of worldwide capital funds, deregulation of local capital markets, and increased international competition among markets and economic institutions.

==Reference==

==Reference==

"Global Economy." Gale Encyclopedia of U.S. Economic History. Vol. 1. Detroit: Gale, 1999. 377-378. Gale Virtual Reference Library.

"Global Economy." Gale Encyclopedia of U.S. Economic History. Vol. 1. Detroit: Gale, 1999. 377-378. Gale Virtual Reference Library.