Chapter 1
It’s a Small World After All
In This Chapter
• Global economics is all around us
• The United States’ participation in global economics
• Technology’s part in the growth of global trade
What does it mean when we hear that economies are globalizing and that the world is becoming a “flatter” place? Simply that individuals, businesses, and countries around the world are trading more and more resources— including their own time—with each other in the quest to improve living standards and the quality of life.

You Can’t Leave Home Without It

These days you can’t even walk out the front door without the weight of the world on your shoulders, or on your head, hands, hips, feet, or in your pocket. That t-shirt may have started off as cotton ...

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