Chapter 3: Detailed Outline

I- Introduction.

- Definition of global economy.

II- Premodern WORLD

- Types of national goods: shoes, clothes.
- Types of foreign good: Exotic fruits, silk, spices, gems.

III) Division of Labor

- the author mentioned the Industrial revolution.

- The author talked about transportations, Iron industry, and communication.

IV) Imperialism

- during the 13th century it was a multipolar ‘’multiple center of power’’
- From the 14th century to 15th century: transformation from multipolar to monopolar world

V) ELECTRONIC IMPERIALISM

-Global media flow is formed from the USA to the other countries, whereas the flow in the other is an unbalanced flow.

- Tansborder data flow: communication across national boundaries via digital device

VI) EMERGING NETWORKS STRUCTURES

- Television

VII) TOWARD A NEW WORLD SYSTEM?

- USA is the center and the provider of information