How The Global Market Has Changed The Lives Of People

Over the course of the last century, the global economy has developed exponentially. With increasing infrastructure, transportation and thus, expanding global trade routes, sourcing of global products, goods and services has become increasingly more accessible; typically for the economic powers. Through the advent of capitalism and the rising powers in the west, global economic disparity has become evermore apparent allowing wealthy nations to quickly advance whilst leaving lesser nations behind. Much has been criticized of the implementation of ‘free-trade’ and the limits it places on poorer nations ability for financial growth, exacerbating this wealth disparity (Boudreaux 2007). Understanding the impact the global commodities market can have on lives of people in local communities, socially, culturally, and economically is an important area of research and much has been debated on how to improve the lives of citizens living in developing nations. 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