Take a moment to look at some items you are wearing or have with you, and write down where 3-5 of them are from. What does that tell you about the global economy today?

The correct answer to this open question is the following.

Take a moment to look at some items you are wearing or have with you, and write down where 3-5 of them are from. What does that tell you about the global economy today?

Yes, many of the items I am wearing are from another country. For instance, my jeans are made in México. My shirt is made in Taiwan. My watch is made in China. And my mobile phone is made in Japan.

What this tells me is that in a globalized world and a globalized economy, all the countries are interconnected and have established good trade agreements that allow companies to export or import their products in a market economy. Companies find countries where cheap labor results in low costs and then, they import the goods to sell in retail stores.

the committees of correspondence were the american colonies’ means for maintaining communication lines in the years before the revolutionary war. in 1764, boston formed the earliest committee of correspondence to encourage opposition to britain’s stiffening of customs enforcement and prohibition of american paper money. the following year, new york formed a similar committee to keep the other colonies notified of its actions in resisting the stamp act. in 1773, the virginia house of burgesses proposed that each colonial legislature appoint a committee for intercolonial correspondence. the exchanges that followed built solidarity during the turbulent times and bring about the formation of the first continental congress in 1774.