Welcome to my blog!
The regular notations and observances that will be posted here will attempt to blend the ideas behind the phenomenon of globalization with the uniqueness of regional economy. Specifically, I will be touching on California--the 7th largest economy in the world. My posts will attempt to apply macro-economic trends to ideas in personal finance.
Globalization means different things to different people. The best definition I have come across is the "growing economic interdependence among countries through increased flow of goods and services, capital, and know-how." This speaks to the dependence regional economies have on each other. Despite the fact that there are different drivers in various regions, and certain factors insulate economies in different ways, no economy functions on its own. There is no such thing as an economy in exile.
