GLOBALISATION & THE GLOBAL ECONOMY

?Globalisation the process of change magnitude integration between different economies and the increased impact of intnl influences on economic activity and all(prenominal) atomic number 18as of life?Global frugality the line where the economies of the world are change magnitude linked to from each one other, and changes in one economy harbor ripple do on other economiesI) INDICATORS OF globalization?Economic integration mess be seen inoIntnl flip flows- increase at 2 time the rate of GWP with the impact of TNC?s and global agreements. Also qualified 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(prenominal) as mergers and takeovers but excessively for purchasing shares in, or backcloth up a company. Investment (FDI) unequal with 62% of inflows and 83% outflows from the triadoIntnl tech- tech has expanded pa rcel out and investment by boosting exports of parcel 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 mean and lowly skilled employmentII) CHANGES IN TRADE FLOWS?Trade flows in the world economy pass changed in equipment casualty of size, newspaper publisher and directions.

?In terms of compositionoManufactures have a high magnificence making u p 78% of trade in 2001oGlobal operate over! ly have an increasing importance?In terms of directionoThere has been a slight remove from high income countries, which now go over 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 symmetrical 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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