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B207 BLOCK 2 SESSION 2 (2.1 Global trade environment (global economy…
B207 BLOCK 2 SESSION 2
2.1 Global trade environment
'Global Village' (McLuhan 1964
internet allows people to interact with each other across the world
global economy
originated from increaed flows of:
labour
goods
money
service
information
today
quick development of
ICT
social networks
creates greater interconnectedness
international/ global trade environment
countries selling good worldwide
example: colombia- coffee
institutions to govern trade
WTO