Chapter Twenty-One: Integration into the Global Economy
The result of imperialism and the Industrial Revolution has been the creation of a global economy. However, that creation has not been without issues. Global economization has created a network in which a problem in one area leads to issues in another area on the other side of the globe.
For instance, the decision by OPEC to raise the price of crude oil led to skyrocketing fuel prices around the world. Other symptoms of the global economy include the way that wars, famines and droughts affect the planet as a whole. National debt in Latin America has led to an increased crime rate and is one of the major factors in the drug trade, which affects nations around the world.
The global economy is also affected by technological innovation, and increasing communications methods. However, these are not distributed evenly around the world. Areas of Africa and Asia, for instance, still do not even have basic electricity and water, while other areas have an overabundance of goods and services.
Satellite technology, computers, and even the television are also part of the global economy and the flow of information from one part of the globe to another. In fact, it is these technological innovations that have allowed the global economy to evolve as far as it has.
Thanks to these technological innovations, the uses of private label rights were created. Without them, people would not be able to exchange information in such an instant capacity nor would they be able to utilize the selling and promotion of said information.
Table of Contents:
Please Leave a Comment on the topic you reading or a short sentence about your blog, website or recommend a site with the same topic and with only one redirect link to your site or recommended site.