The world economy

Description

The world economy is becoming more global in scale. Consider the major drivers of globalization and how they seem to be thrusting major nationstates toward a more tightly integrated global economy. If the current trends continue, China may be the world’s largest economy by 2020. Discuss the possible implication of such as development for (a) the world trading system, (b) the world monetary system, (c) the business strategy of today’s USbased global corporations and their European counterparts, and (d) global commodity prices. Instructions: You will need to do an in-depth literary search on the topic in order to create a fully-developed response. You will need to include in-text citations and a references list for external references used in supporting your points for this question. You should have no fewer than 7 references for your response to this particular question, 4 of which must be from peer-reviewed sources.