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Promotes a greater appreciation of international and U.S. economic issues through a global perspective while highlighting world trade. the fifth edition of World Economy: Resources, Location, Trade and Development has been revised to include a chapter on giant emerging markets and a half chapter on telecommunications and information technology. It emphasizes global interdependence; flexible manufacturing; the globalization of business, culture, environmental problems, and telecommunications; and the transnational corporation. It discusses the declining roles of traditional factors of production and provides the l