Summary of the week
Over 200,000 years of human history, the relationship between production and consumption has changed and four main phases can be distinguished.
In today’s world, the production and consumption are splitted and the production process is spread all over the globe.
Now that we have a broad understanding of the long-run trends of globalisation, we will assess next week the impact of globalisation thanks to basic economic concepts.
Let’s continue the journey together.
© The Graduate Institute, Geneva.