The Global Economy

The Global Economy Shoisipova Kamila

Global Economy

• Common to buy clothing anywhere in US which has a tag labeled, ‘Made in Malaysia, China or Sri Lanka’
• Simple observation reminds us that our consumption of goods has a strong international character
• Increasingly true to speak not only of national economies but a larger, highly inter-connected and interdependent- GLOBAL ECONOMY
• Before discussing basic mechanisms of industrialization and economic change within Third World, important to look at the broader global industrial environment within which these nations are forced to compete