By Barbara Smith (Cannexus11 GSEP Winner)
Over the past 40 years, there has been a dramatic increase in global connections within technological, economic and cultural spheres, which have in turn affected the production, trade and finance that shape the world of work. Looking closer, globalization is characterized by: the emergence of a single global market for credit and money; growth of strategic international cities where services infrastructure of the global economy is located; establishment of enforceable regional and global trade and a push towards financial deregulation and liberalization that restrict the flexibility of domestic economic, environmental and social policies; development of global bureaucracies and emergence of new political entities; and compression of time and space as a result of technologic developments (Spiegel et al., 2004; Huynen et al., 2005).