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A major aspect of globalization is the increased interconnectedness of the world economy. Thanks to transportation and communications technologies, trillions of dollars worth of currencies, goods and services flash across the world each day.
Free trade advocates stress that nations, which have embraced global trade policies, have benefited tremendously. However, "fair traders" say that the rules of the global economy are unfair and that only a few benefit, causing an increased gap between rich and poor.
Global Economic Issues explores the early wave of globalization, explains the post-World War II trend toward increased government control of the economy and examines issues associated with the recent wave of economic globalization.
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