Globalization after the Cold War changed how economies work in the U.S. and around the globe. Here are some important ways this happened:
Free Trade: Countries began to support free trade deals, like NAFTA, to lower taxes on goods coming in and going out.
Fewer Rules: Governments relaxed some rules on businesses. This helped them attract money from other countries.
Global Supply Chains: Companies started looking outside their own countries for cheaper workers and materials. This changed how they made products.
Interconnected Economies: Countries started relying more on each other. This caused them to work together on economic plans.
In short, these changes made economies adjust to a world where everyone is more connected.
Globalization after the Cold War changed how economies work in the U.S. and around the globe. Here are some important ways this happened:
Free Trade: Countries began to support free trade deals, like NAFTA, to lower taxes on goods coming in and going out.
Fewer Rules: Governments relaxed some rules on businesses. This helped them attract money from other countries.
Global Supply Chains: Companies started looking outside their own countries for cheaper workers and materials. This changed how they made products.
Interconnected Economies: Countries started relying more on each other. This caused them to work together on economic plans.
In short, these changes made economies adjust to a world where everyone is more connected.