Lately you may have been hearing the terms “global economy” and “global competitiveness”. Just as the name states the global economy is an economy that is dependent on production and consumption on a global scale. This means that production at one place can equate to products being consumed at another location thousands of miles away. This would seem like a great situation but the advantages of a global economy can sometimes seem minimal compared to its disadvantages. What disadvantages can come from a globally connected marketplace you may ask. Let’s take a look at the global economy and how it shapes the economy and job market we all operate within. Read More Understanding The Global Economy

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