Globalization and transportation greatly contribute to the development of new economic ties. People leave their home countries, looking for better economic and social conditions for life. The world has become diverse and multicultural. In the meantime, economies have become much more interdependent. Still, some economies have been better than others...

In ancient times, there was a trade route linking China with the countries of the Middle East, Central Asia, Europe, and Africa – the famous Silk Road. Nowadays, the country decided to re-establish its golden age through the new strategy of economic development. In 2013, China’s President Xi Jinping and...

Before even reading the content of the article, I got an idea of what exactly it may be talking about. With a more globalized world, the valuation of a country’s currency is extremely important. A devalued currency usually leads to a boost in manual labor jobs such as manufacturing because...

China's economy has been on a steady rise in the past two decades. China is emerging as an economic superpower, rivaling the western powers such as the USA. In its quest for more recognition in the global scene, China has significantly revised its foreign policy allowing taking a more active...

According to the manner in which globalization has engendered a process whereby, for example, economical and social relationships are no longer ultimately determined by the Westphalian nation-state model, a particular logical extension of this historical development is the possibility of a global government. The recent UN resolution that proposed that...