THE ECONOMY'S NEW RULES: GO GLOCAL.

The article discusses the global economy as of August 20, 2012, focusing on globalization and the impact of rising energy costs and political policies on the economic conditions of the U.S. The impact of the Global Financial Crisis of the early 21st century on American businesses is examined, including an analysis of heavy-machinery manufacturer Caterpillar Inc. and its global business operations which extend to China and Australia. The U.S. government's support of its local manufacturing industry is also mentioned.