The world is small and is getting smaller all the time. The advent of the internet has made the anywhere in the world virtually as close as the click of a mouse, and the over development of the worlds nonrenewable resources has made untapped land impossible to find. This paper will identify how the worlds commerce is divided, the role of the internet, what the author predicts will drive the future economy, the affects war have on global economy, and the affects the economy on the environment. Division of World Commerce
One of the foremost factors that drive the global economy is that of trade blocs. These are formed when nations join together to form a free trade area, which means that the countries are allowing trade without tax or tariff between each other, something that can propel the economy of a country by allowing it to trade in areas that it had previously been unable to without penalty. This is particularly helpful to landlocked countries that depend on the coastal countries to be able to export worldwide. Without an agreement, these countries would be essentially cutoff from the rest of the world making their economy suffer greatly! Individual countries are not limited to the amount of trading blocs that they can take part in; however, it seems that countries with either like interests or geographic closeness seem to work together more successfully. Some of the most notable trade blocs in the news right now are the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States, the North Atlantic Treaty Organization (NATO), and the European Union (EU). Role of Technology
One of the largest technological advances affecting the economy is the internet. This has allowed businesses from anywhere in the world to have an international forum to sell their product. In addition, it has brought the major markets of the world to one centralized location, making it possible...