Scribd Logo
Upload

Welcome to Scribd!

  • 273 views

    Global Economy

    Uploaded by

    Diana Camacho
    The global economy has changed over the past few decades as nations increasingly collaborate for mutual benefit. While greater collaboration has benefits like increased trade of goods and services, too much fluctuation can also lead to global economic crises. The global economy refers to the interconnected economic activities and trade between countries. It is characterized by factors like globalization, international trade, international finance, and global investment. The economies of the top 20 countries account for 80% of global economic output, so economic developments in the top five economies in particular can significantly impact the worldwide economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Global Economy

    Uploaded by

    Diana Camacho
    273 views1 page
    The global economy has changed over the past few decades as nations increasingly collaborate for mutual benefit. While greater collaboration has benefits like increased trade of goods and services, too much fluctuation can also lead to global economic crises. The global economy refers to the interconnected economic activities and trade between countries. It is characterized by factors like globalization, international trade, international finance, and global investment. The economies of the top 20 countries account for 80% of global economic output, so economic developments in the top five economies in particular can significantly impact the worldwide economy.

    Original Description:

    Concept of global economy

    Original Title

    Global-Economy

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The global economy has changed over the past few decades as nations increasingly collaborate for mutual benefit. While greater collaboration has benefits like increased trade of goods and services, too much fluctuation can also lead to global economic crises. The global economy refers to the interconnected economic activities and trade between countries. It is characterized by factors like globalization, international trade, international finance, and global investment. The economies of the top 20 countries account for 80% of global economic output, so economic developments in the top five economies in particular can significantly impact the worldwide economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    273 views1 page

    Global Economy

    Uploaded by

    Diana Camacho
    The global economy has changed over the past few decades as nations increasingly collaborate for mutual benefit. While greater collaboration has benefits like increased trade of goods and services, too much fluctuation can also lead to global economic crises. The global economy refers to the interconnected economic activities and trade between countries. It is characterized by factors like globalization, international trade, international finance, and global investment. The economies of the top 20 countries account for 80% of global economic output, so economic developments in the top five economies in particular can significantly impact the worldwide economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Global Economy

    In the fast few decades, the global economy had change in a way that nations
    collaborated for the sake of betterment. The consequences due to the changes very much affected
    the countries in terms of the flow of goods and services as well as the movement of the people.
    However, on the basis of the last century, too much fluctuation can lead to global economic
    crisis. But what is global economy? It is the interconnectedness of worldwide economic activities
    between countries that can result into positive or negative. In Relevance to the goal of United
    Nations, global economy also promotes developing friendly relationship among nations for
    social progress, better living, and human rights.
    Global Economy has also several characteristics than can be describe. First,
    Globalization, it acts like an integration wherein the global network, communication,
    transportation became simple through development and technology. The aspect of globalization
    is more on the improvement of performance. Second, International trade is an impact of
    globalization where barter of goods and services takes place between countries. As a result, each
    country became more innovative in a way they create unique products which is called
    comparative advantage. Third, International Finance is a primary feature of global economy
    where money can easily be transferred anytime. In additional International finance also includes
    currency exchange rates and monetary policy that also have restrictions and limitations. Lastly,
    Global Investment is the strategy where people often invest internationally to increase the
    diversification of their portfolio and spread investment risk among foreign markets and
    companies.
    Indeed, a global economy is an economic interdependence established between countries
    that drives the worldwide economic environment. It is also the aggregate economic output,
    movement and influence of all countries. The global economy can be defined as each individual
    country’s economy added together. The 20th largest economies account for 80% of the world’s
    economic output and the five biggest economies are big enough to impact the whole world with
    their developments. If one of these five economies suffer from a natural disaster or any event that
    causes an economic downturn it will have sequels on the global economy due to the
    interconnections caused by international trade.
    References:
    https://www.edology.com/blog/accounting-finance/how-does-global-economy-work/?
    fbclid=IwAR057g_OzT7Xbcd6q7EgHYlzV_Y1ZiKcc6Gv3EsQcvHP1-
    fqWw3z8_VgZwQ#:~:text=The%20global%20economy%20refers%20to,take%20place
    %20between%20multiple%20countries.&text=It%20refers%20to%20the%20exchange,have
    %20a%20comparative%20advantage%20in

    You might also like