Look back at the global economy in 1950 and you'll find these conditions:

The shock of a great depression, two world wars, and restrictions on immigration had led to little economic interconnectedness between countries.

The United States was the world's greatest economic power, producing 27% of the world's Gross Domestic Product (GDP).

The world's poorest economies were China and India, each making up only 4% of the world's GDP.

Now look at the state of the global economy more than a half-century later and you'll see that much has changed:

International institutions, radical changes in communication and information technology, and stronger national commitments to globalization have led to increased economic interconnectedness.

In 2006, the U.S. share was only 22% of the global GDP.

China and India are experiencing unprecedented economic gains. By 2040, the economy of China could become larger than the economies of the United States, Western Europe, and Japan—combined.

These are just some of the many dramatic changes that are underway as globalization—the process of the world's diverse countries coming together and sharing experiences, events, and trade—continues to be a force in our economic climate.

The origins of this globalized economy, its effects on important contemporary concerns, and its future trends are just a few of the intriguing issues you explore in America and the New Global Economy.

This riveting 36-lecture course takes you beyond the economy of the United States and reveals the recent history of economies in Asian countries, including Japan, India, and China, as well as in other regions. Journey with veteran Teaching Company Professor Timothy Taylor of Macalester College through the last 50 years of world economic history, explore international perspectives on the new global economy, and develop a richer understanding of our increasingly interconnected world.

Professor Timothy Taylor is Managing Editor of the prominent Journal of Economic Perspectives, published by the American Economic Association. He earned his Master's degree in Economics from Stanford University.

Professor Taylor has won student-voted teaching awards for his Introductory Economics classes at Stanford University. At the University of Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the Master's degree students at the Hubert H. Humphrey Institute of Public Affairs.

In 2007, Professor Taylor published the first Principles of Economics textbook, available as a free download from Freeload Press. He has also edited a wide range of books and reports and published articles on globalization, the new economy, and outsourcing. From 1989 to 1997, Professor Taylor wrote an economics opinion column for the San Jose Mercury-News.