Global economy

Jonathan Rosenberg Describe the main features of the orbicular economy and examine the nature and marge of interdependence between economies The international economy consists of all the countries in the creation that produce goods and services and who therefore contribute to manhood Gross Domestic Product (GDP). worldwideisation is the increasing economical consolidation between countries leading to the emergence of a global economy. in that location be 4 main features of this new-made Global saving: 1. raw Markets 2.New Actors 3.New Rules and Norms 4.New Tools of Communication With the new Global Economy new markets atomic number 18 creation created. Already naturalised global markets in services such(prenominal) as banking, insurance and impart are growing rapidly. New financial markets which are deregulated, globally linked, working around the quantify and being operated from a outer space in real time contribute emerged. There are also new global consumer markets with global brands. New actors defecate emerged with world bodies fit to enforce rules on national government such as the World pile Organisation (WTO). international corporations now exist integrating their drudgery and marketing. An international poisonous court system is in the making. regional countries halt started feeler together and forming deregulated trading groups such as the European sodality (EU) and the ASEAN Free Trade Agreement (AFTA). New rules and norms are pick throughout the world.

Many countries are moving towards body debonaire as their political preference. Market economi c policies are public exposure around the w! orld, with greater privitisation and liberalization than ever before. Multilateral agreements in trade and taking on new agendas such as environmental and social responsibility are becoming a worldwide trend. For new markets, actors and rules to come about there have to be new tools of communications. These new communicating tools are up to(p) to link people across the world who can cash in ones chips in real time. Some of these tools include... If you want to get a full essay, order it on our website: BestEssayCheap.com

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