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Essay / Research Paper Abstract
14 pages. This economic report covers many different topics including the world economy for the last thirty years; changes in technology; NAFTA; free market economies; unions, GATT and the WTO, and many more general economics questions that will be useful in any economics course. Bibliography lists 8 sources.
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14 pages (~225 words per page)
File: D0_JGA10eco.rtf
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be useful in any economics course. WORLD ECONOMY OVER THE LAST 30 YEARS The student will need to adapt each of these explanations to their own words and their
own report. This is a reporting of facts of economics and it is up to the student to write his or her own paper. The world economy began to
undergo changes over thirty years ago with the resurgence of European economies. With the decolonization of some nations American corporations began looking for opportunities abroad. As this trend
grew in intensity, there was seen an outward flow of United States investments. Along with this flow, hopefully, the U.S. will gain some control over its investments in order
to better control its market economy in the next few years (Lopez 32). The impact of globalization on the distribution of wealth within the United States is a timely subject
and one that has been brought up constantly over the years. In light of the escalating global economy we have seen the impact of it and sometimes its member
nations lose control of the reins. The liberalist perspective on this matter is a strong one in that it would seem rational minds could control the situation for the
common good (Kleisen 07B). Studies by the World Bank and other academic groups indicate that by importing capital and exporting consumer goods, it has caused wages to be raised and
poverty to be slashed in many countries. Although Americans do not like the prospect of the sweatshops and factories of Asia and Mexico, it must not be overlooked that
the investment by rich countries has the potential to raise the standard of living in poor countries. In order to meet the supply needs of the world, it is
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