Global Economics Unit
As the world moves into the 21st century, our economy is growing less independent with each passing year. Just as more countries around the world are becoming dependent on the United States for their continued economic success, so too are we becoming more dependent on others. Just think about where we’d be without credit from China or oil from the Arab states. As nations around the world recognize this trend, “economic teams” are being formed. While the most famous of these is the European Union, similar organizations can be found in Asia and Africa, as well as here in the Americas through programs like NAFTA and DR-CAFTA. Like any other change in history, this new trend is creating winners and losers at both the national and individual level. By the end of this unit, you should start to grasp how your future will be affected by a developing world in which uneducated masses will compete for American jobs, and in which China and India seem right around the corner.