问题描述:
英语翻译
Impact of Globalization:October,1987 & 2007
Globalization has led to real time communication and internet access worldwide; the market continues to grow more and more virtual every day.There are few today unable to participate in the market because of access restraints.Market money virtually transfers from one continent to another with the click of a computer.Because of the high-tech linkages that existed,it was no surprise that the international markets felt panic alongside their US counterpart on Black Monday in 1987.Japanese,British,German and Swiss markets tumbled in synchrony with the U.S.market drop.Reliance on computer-managed stock portfolios did not protect money managers who were counting on the electronic programs to respond safely and appropriately to these kinds of rapid changes.When the electronic system failed,it was clear that no one knew where the stocks were headed.Portfolio managers learned there was no replacement,electronic or otherwise,for experienced human decision-making.
Impact of Globalization:October,1987 & 2007
Globalization has led to real time communication and internet access worldwide; the market continues to grow more and more virtual every day.There are few today unable to participate in the market because of access restraints.Market money virtually transfers from one continent to another with the click of a computer.Because of the high-tech linkages that existed,it was no surprise that the international markets felt panic alongside their US counterpart on Black Monday in 1987.Japanese,British,German and Swiss markets tumbled in synchrony with the U.S.market drop.Reliance on computer-managed stock portfolios did not protect money managers who were counting on the electronic programs to respond safely and appropriately to these kinds of rapid changes.When the electronic system failed,it was clear that no one knew where the stocks were headed.Portfolio managers learned there was no replacement,electronic or otherwise,for experienced human decision-making.
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