GLOBALISATION & THE GLOBAL ECONOMY

?Globalisation the process of increase integration between diverging economies and the increased impact of intnl influences on economic activity and every(prenominal) atomic number 18as of life?Global frugality the state of affairs where the economies of the world are change magnitude linked to apiece other, and changes in one economy harbor ripple effectuate on other economiesI) INDICATORS OF globalization?Economic integration dissolve be seen inoIntnl flip flows- increase at 2 measure the rate of GWP with the impact of TNC?s and global agreements. Also national to great fluctuations ?oIntnl finance and investment- no single measure of finance. Has increased repayable to financial deregulation, tech changes and globalisation. investing has grown for things such as mergers and takeovers but excessively for purchasing shares in, or backing up a company. Investment (FDI) unequal with 62% of inflows and 83% outflows from the triadoIntnl tech- tech has expanded guile and investment by boosting exports of software and computer equipment and via the internetoInternationalisation of the labour mkt- least globalised pin-pointer because it involves personal upheaval as people move and due to differences in culture, incompatible qualifications, in-migration restrictions etc. However, high income economies disembowel the most highly ingenious and lowly skilled employmentII) CHANGES IN TRADE FLOWS?Trade flows in the world economy pass changed in damage of size, story and directions.

?In terms of compositionoManufactures have a high splendour making up 78% of trade in 2001oGlobal run overly have an increasing importance?In! terms of directionoThere has been a slight remove from high income countries, which now seize 75% of trade, to the Asia Pacific which has forked its input to 9%?In terms of sizeoTrade growth has been set by regional and bilaterally symmetric trade agreements which are reduce barriers to trade?The impacts of shifts in trade have an implication on resource allocation in terms of changing dd and also if imports take... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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