9781422281222

Most people think of Ford as an American automobile manufacturer. However, the compa- ny has manufacturing and sales facilities in many countries, such as this one in Brasov, Romania. Similarly, “foreign” automakers like Toyota and Honda have manufacturing plants in both the United States and Canada.

The global market in the twenty-first century is inter- connected as never before. All kinds of products are the result of globalization. American and Canadian families relax on Swedish furniture and watch DVDs on devices made in Japan. They sip coffee from Colombia. They wash with soap from France, drive cars made in Korea, and wear clothing stitched in Mexico. The global market is no longer a collection of products from the countries of the world. The global market is a collection of relationships and sup- ply chains. Events in a Chinese factory affect whether a product is available in a store in Montreal. Prices go up and down with stock markets in Asia, the United States, and

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Global Trade in the Modern World