International Trade
In today’s modern world, it is evident that nations cannot afford to exist independently. The first chapter provides logistical information on how international trade links different countries through economic policies, production, labor, and trade. A country cannot set its own economic policies without affecting other nations (Carbaugh 2). This is a big step and change from the previous economic situation where countries used to be independent. The chapter talks of how the United States economically links itself to other nations through trade, economic unions such as the European Union and formation of multinational corporations with their bases existing in ...
