The Global Economy Notes
- Submitted by: alphagaming
- Views: 1500
- Category: Other
- Date Submitted: 03/20/2010 05:35 PM
- Pages: 5
- Report this Essay
ECONOMICS
Globalisation
the increase in trade across national boundaries
Increase in movements of capital, labour, technology between nations
Increase in interdependency between national economies
Growth in size/number of Transnationals
Increased environmental damage
Increases in the flows of labour, g/s, crime legislation, tourists, technology, information
The global economy
reflects total amount of economic activity going on in the world. For it to exist, it means that a rising share of economic activity in the world is taking place between people who live in different countries. International organisations
Such as WTO and IMF have helped free up world trade by reducing trade barriers, and by the deregulation of the World financial markets.
Some globalisation in countries causes a loss in national identity, increasing environmental problems and exploitation of labour
GWP
A concept similar to GDP but it looks at total world output over a period of time. One indicator of globalisation is that global trade is growing faster than GWP.
measured by adding together the outputs of the world economy. 1999 est to be US$ 40714 billion
Figures may vary significantly as Inflation rates vary, exchange rates differentiate, statistical methods vary, inaccuracies.
WT and Output
Expansion of the world economy directly related to fast growing new economy of North America. Purchasing Power Parity
Method of comparing living standards in different countries by comparing the Purchasing Power of different currencies rather than comparing various GDPS. PPP concentrates on the volume of goods and services that can be purchased with 1 unit of a countries currency. High trade Dependency
Countries with very high trade dependencies act as trade conduits
they import goods and repackage them and sell them...
Globalisation
the increase in trade across national boundaries
Increase in movements of capital, labour, technology between nations
Increase in interdependency between national economies
Growth in size/number of Transnationals
Increased environmental damage
Increases in the flows of labour, g/s, crime legislation, tourists, technology, information
The global economy
reflects total amount of economic activity going on in the world. For it to exist, it means that a rising share of economic activity in the world is taking place between people who live in different countries. International organisations
Such as WTO and IMF have helped free up world trade by reducing trade barriers, and by the deregulation of the World financial markets.
Some globalisation in countries causes a loss in national identity, increasing environmental problems and exploitation of labour
GWP
A concept similar to GDP but it looks at total world output over a period of time. One indicator of globalisation is that global trade is growing faster than GWP.
measured by adding together the outputs of the world economy. 1999 est to be US$ 40714 billion
Figures may vary significantly as Inflation rates vary, exchange rates differentiate, statistical methods vary, inaccuracies.
WT and Output
Expansion of the world economy directly related to fast growing new economy of North America. Purchasing Power Parity
Method of comparing living standards in different countries by comparing the Purchasing Power of different currencies rather than comparing various GDPS. PPP concentrates on the volume of goods and services that can be purchased with 1 unit of a countries currency. High trade Dependency
Countries with very high trade dependencies act as trade conduits
they import goods and repackage them and sell them...