Geb 1

Assignment 1 Brandman University LaTrece Couvson Introduction: In the macrocosm economic system today, we can see many changes from how the world use to be. raft from all different blots have integrated into a decree where their cultures and values atomic number 18 welcomed no matter where the come from. This denomination will identify four factors that find the modern world saving, describe the shifts over the past 30 years with examples, and handle the implications in Britain, North America, and Hong Kong. In addition the current economy in Mexico will be introduced. Analysis: The four factors that determined current modern economy are land, labor, energy, and capital. These are also the four factors of production. (Hill, 2011) Over the last 30 years, national economies shifted faraway from what they use to be. National economies use to be relatively self-possessed entities, isolated by barriers to trade and investment, with differences in government regulation, culture, and crease systems. Now it has shifted toward a world where barriers to trade and investment are declining, cultures are converging, and national economies are merging into an integrated, interdependent international economic system.

Today, there are more than $3 one million million million dollars in foreign exchange transactions taking place everyday as well as over $12 million dollars of goods and $3 trillion dollars worth of being interchange across the boarders. (Hill, 2011) Places like the United States use to be the overabundant country but today because China and Japan are becoming so successful, The dominance of the United States has diminished. These shifts manifest themselves in the world economy in many ways. For example, he now have international institutions. People can actually pay heed school in a different country and with the applied science nowadays, they can do it online. Other examples of the shift includes what people wear, the political machine people drive, the food people eat, and the jobs where people work. (Hill, 2011) You... If you want to tucker out a full essay, order it on our website: Ordercustompaper.com

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