As telecommunications and travel speed news from one corner of the earth to another, society is becoming increasingly global. This is the focus of Chapter 21.

Global Investing
Section 1 explains how improved telecommunications have increased global integration. The section also describes the kinds of financial investments now traded in global markets and explores some of the problems with links among worldwide stock markets.

Foreign Investment
Section 2 explores the history of direct foreign investment in the United States. The section also explains the significance of foreign investment and describes the concerns that nations may have about direct foreign investment. Section 3 describes the size and number of multinationals, explains the concepts of regional investment alliances, and explains why globalization has made tolerance even more important today than it has ever been.