VERY DAY, we hear more and more about the global economy.<br >Phrases like economic sanctions, 24-hour global trading, and<br >"international trade wars" appear continually in our newspapers,<br >magazines, and on television.<br > Whether we realize it or not, the world economy has become an<br >integral factor in our daily lives. From the imported alarm clock that<br >wakes us up in the morning to our retirement funds being invested<br >abroad while we sleep at night, our lives are increasingly influenced by<br >the growing world of international economics and politics. Whoever<br >we are--professionals or homemakers, farmers or college students--we<br >need to understand the basics of the world economy if we are to be<br >effective citizens and consumers.<br > The first step is to become economically literate. For many of us,<br >however, the study of economics has been an exercise in futility, full<br >of obscure graphs and equations, and hopelessly out of touch with our<br > daily lives. This doesn t have to be the case.<br > The world economy is really no more complicated than the domes-<br > tic economy we experience every day. It just seems complicated be-<br > cause it involves different currencies, languages, and political systems.<br > By understanding the basics of the world economy, we can begin to<br > make better political and economic decisions. And with economically<br > literate voters pushing them on, our politicians will finally start making<br > more rational economic decisions, leading to a more prosperous and<br > environmentally sound world in the years to come.<br > This is not a "get-rich-quick" book. If you want to make a fortune<br > in international finance, you will have to look elsewhere. However,<br >
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