INTRODUCTION: GLOBALIZATION AND …
1Chapter 1 introduction : GLOBALIZATION AND international TRADEWe live in a world that is highly interconnected by a bewildering array of complexeconomic transactions, social and environmental problems, and international politicalcollaborations and conflicts. Examples from global economics are found in the news everyday. A decision by American policymakers to subsidize the production of ethanol, a form of gasolinecontaining an additive produced from corn, is seen by many as a key reason that grain prices arehigh around the world. The spectacular emergence of China as a major exporter ofmanufactured goods has affected wages in both rich and poor countries.
INTRODUCTION: GLOBALIZATION AND INTERNATIONAL TRADE ... complex business-to-business information networks to locate global sources.
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