Globalization continues to be a force in our economic climate. And the origins of this globalized economy, its effects on important contemporary concerns, and its future trends are just a few of the intriguing issues you explore in these 36 lectures. Go beyond the economy of the United States and examine the recent history of economies in other countries and regions. As you journey with Professor Taylor through the last 50 years of world economic history, you'll explore international perspectives on the new global economy and develop a richer understanding of our increasingly interconnected world.
Look back at the global economy in 1950 and you'll find these conditions:
The shock of a great depression, two world wars, and restrictions on immigration had led to little economic interconnectedness between countries.
The United States was the world's greatest economic power, producing 27% of the world's Gross Domestic Product (GDP).
The world's poorest economies were China and India, each making up only 4% of the world's GDP.