Conclusion

This lesson has examined many issues including several historical factors that have laid the foundations of contemporary global economics. The next lesson will now build on this by researching how communications technologies, trade, transportation and the media help to expand globalization.

"The economic and technological triumphs of the past few years have not solved as many problems as we thought they would, and, in fact, have brought us new problems we did not foresee."
                                                                             Henry Ford