CONTENT STATEMENT
Global trade and communication systems reduce the effect of time on the distribution of goods, services, and information (e.g., reliance on local foods versus global trade in perishable foods, online brokering versus personal brokers, Internet access versus library access).
CONTENT ELABORATION
Increasingly sophisticated transportation and communication systems have increased the scale and speed of global interactions. Time necessary for the distribution of goods, services and information has decreased dramatically. Businesses can schedule delivery of manufacturing components so that costly warehousing is no longer an issue. Computer-generated program trading can produce major swings in prices on stock markets. News and other information can be updated on an ongoing basis.
EXPECTATIONS FOR LEARNING
Describe with examples how global trade and communication systems have reduced the effect of time on the distribution of goods, services and information.