Nature of the global economy (1 Viewer)

[Iunny]

In the syllabus, under nature of the global econmy and globalisation the dot points are

the global economy
gross world product
globalisation
~trade
~investment and technology
~finance
~labour
the international business cycle

what does any of those points have to do with the global economy? i'm confused

 

[Sarah168]

they have facilitated the notion of globalisation and this has led to countries being further integrated in THE GLOBAL ECONOMY

instead of the traditional domestic economy, economies are more interlinked and interdependent on each other, thus creating THE GLOBAL ECONOMY

the points u listed are the things that are linking individual economies together to form the global economy

 

[Iunny]

o right... thx sarah