May 2017
Beginner
215 pages
6h 18m
English
Content preview from International Economics, Second Edition
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Now that world wide communications have been established thanks to the authority of the Roman Empire … living standards have improved by the interchange of goods and by partnership in the joy of peace and by the general availability of things previously concealed.
—Gaius Plinius Secundus (Pliny the Elder),Natural History, 77 AD
“Globalization” is the increasing economic interdependence of all regions of the world. Made possible through improvements in transportation and communications, globalization’s driving force is the international movement of goods, people, capital, technology, culture, and ideas. Although silks and spices were traded between Asia and Europe at least as far back as Greco-Roman times, the process of intercontinental ...
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