2. Why is the new world economy so radically different from the old world economy? The new world economy is an environment where information and resources can instantly span the globe with the touch of a …show more content…
Information must be passed down through a chain of individuals, who all interpret and communicate it differently. It takes more time to work this way and the person on top is not the subject matter expert. Networks use a more flat method, where individuals or units can make decisions at lower levels, saving time and resources.
The Struggling Nation State – The nation state is a structure where the political, environmental and economic systems are contained within a border. Nowadays, with globalization and migration, these lines are getting more and more blurred. Our economies are linked together and dependent upon one another, one country is taking all of the water and polluting what is left in another country and political structures are being redefined. What was once contained and very structured is now falling