A Global Economy

In the aftermath of World War II, countries began to open trade and communications around the world. In Europe, the EEC or Common Market eventually grew into the EU. In Asia, countries worked together to create their own trading blocs like ASEAN and APEC. Canada, Mexico, and the United States signed the NAFTA treaty, later replaced by USMCA. All these trading blocs and organizations have made it easier for MNCs to operate around the world, leading to a rise in the standard of living for many developing countries.         

But MNCs are often criticized for their profit-driven approach, which can create lasting problems in developing countries, sometimes made worse by efforts to encourage these nations to privatize their public utilities. The poorest groups are also most commonly exploited by MNCs that contract with large factories or sweatshops in developing countries. Wealthy corporations like Apple and Nike have frequently been criticized for profiting from the labor of poorly paid workers in unsafe environments in places like China and Bangladesh.            

All images referenced in this podcast can be found at https://openstax.org/books/world-history-volume-2/pages/15-1-a-global-economy            

Welcome to A Journey into Human History.    

This podcast will attempt to tell the whole human story.       

The content contained in this podcast was produced by OpenStax and is licensed under a Creative Commons Attribution License.     

Access for free at https://openstax.org/books/world-history-volume-2/pages/1-introduction    

Podcast produced by Miranda Casturo as a Creative Common Sense production.

Om Podcasten

Welcome to a journey into human history. This podcast will attempt to tell the whole human story. You may be asking yourself what is history? Is it simply a record of things people have done? Is it what writer Maya Angelou suggested—a way to meet the pain of the past and overcome it? Or is it, as Winston Churchill said, a chronicle by the victors, an interpretation by those who write it? History is all this and more. Above all else, it is a path to knowing why we are the way we are—all our greatness, all our faults—and therefore a means for us to understand ourselves and change for the better. But history serves this function only if it is a true reflection of the past. It cannot be a way to mask the darker parts of human nature, nor a way to justify acts of previous generations. It is the historian’s task to paint as clear a picture as sources will allow. Will history ever be a perfect telling of the human tale? No. There are voices we may never hear. Yet each new history book written and each new source uncovered reveal an ever more precise record of events around the world. You are about to take a journey into human history. The content contained in this podcast was produced by OpenStax and is licensed under a Creative Commons Attribution License. For more information please review the links and resources in the description. Podcast produced by Miranda Casturo as a creative common sense production.