Global economy

Jonathan Rosenberg Describe the main features of the orbicular economy and examine the nature and frontier 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 bena Gross Domestic Product (GDP). sphericisation is the increasing scotch consolidation between countries leading to the emergence of a global economy. in that location be 4 main features of this unexampled 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 are creation created. Already realised global markets in services such(prenominal) as banking, insurance and steer are growing rapidly. New financial markets which are deregulated, globally linked, working around the quantify and being operated from a maintain in real time contribute emerged. There are also new global consumer markets with global brands. New actors gull emerged with world bodies fit to enforce rules on national governance such as the World pile Organisation (WTO). multinational corporations now exist integrating their drudgery and marketing. An international criminal court system is in the making. regional countries boast started access together and forming deregulated trading groups such as the European compact (EU) and the ASEAN Free Trade Agreement (AFTA). New rules and norms are circularize throughout the world.

Many countries are moving towards body still as their political preference. Market economic policies are spreading around the wo rld, with greater privitisation and liberali! zation 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 sweep over in real time. Some of these tools include... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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