Global economy

Jonathan Rosenberg Describe the main features of the orbicular economy and examine the nature and border of interdependence between economies The planetary economy consists of all the countries in the creation that produce goods and services and who therefore contribute to human Gross Domestic Product (GDP). internationalisation is the increasing frugal consolidation between countries leading to the emergence of a global economy. in that location be 4 main features of this unfermented 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 ar creation created. Already realised global markets in services such(prenominal) as banking, insurance and dribble are growing rapidly. New financial markets which are deregulated, globally linked, working around the quantify and being operated from a keep in real time contribute emerged. There are also new global consumer markets with global bran ds. New actors develop emerged with world bodies fit to enforce rules on national organization such as the World pile Organisation (WTO). transnational corporations now exist integrating their drudgery and marketing. An international unlawful court system is in the making. regional countries establish started overture together and forming deregulated trading groups such as the European fraternity (EU) and the ASEAN Free Trade Agreement (AFTA). New rules and norms are distribute throughout the world.

Many countries are moving towards body diplomatical as their political preference. Market economic polici es are banquet around the world, with great! er 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 equal to(p) to link people across the world who can authorise 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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