0 Through the lens of the TNC Emphasizes globalization (integration, production coming from different countries as appose to coming from exports] over internationalization (trade, relations with nation states, exchange good, idea of buying tea from China and opium from India}| 0 Difference of trading goods/ total integration of production across a global network/ understanding how economy works today ) globalization Shallow integration v deep integration 0 Shallow-)trade (internationalization) 0 Deep\") production (globalization) 0 Global commodity chain/ global value chain Global commodity chain\") gathering resources/ redistribution, talking about this in globalization economy Global value chain ) comparison of economic value, how each aspect of chain influences production and how it gets to different consumers 0 Deciding what to outsource and when based on value added, where to get things, why to get them, which country to manufacture, takes beyond supply chain, and ends with getting commodity to consumer until death/ replacement