World Economy

Inter depicted object economic theory. 1. ball miserliness in brief The world miserliness becoming a single economic unit, side by side(predicate) linkages atomic number 18 growth through trade, capital letter investment and financial institutions. transnational corporations (TNC) spread their activities across national boundaries, and the international banking system carries on banking activities through the world. During the two nett decades the world output has been growing, and export and import shares of output confine increased probably in all industrial sectors. 2. Classifications of countries collectible to all changes in economy there are several(prenominal) types of countries classification: 1)The World margin classifies economies of countries as low income ( Afghanistan, India, Sudan, Uzbekistan), nerve income (subdivided into lower (Armenia, Georgia , Bolivia , Ukraine ), and f number middle(argentina,brazil, china, Cuba), o r high gear income ( France, Germany, Italy, Japan ). The main criterion for classifying economies is the staring(a) national income (GNI) per capita. GNI- is the total measure of foods and services produced within a country (GDP) , to reduceher with its income received from other(a) countries ( interest and dividends), less(prenominal) payments made to other countries.

2) according to the level of economic suppuration countries are divided into :) developed ( industrialized) and developing ( agricultural/one-crop economy). change countries ( Canada , USA, Japan, Australia , New Zealan d ) deliver developed market economies esta! blish on large stocks of capital goods, advanced production technologies, and knowledgeable trade union movement forces. NICs are countries whose economies have not yet reached Developed verdant status but have outpaced their developing counterparts( Brazil, china, turkey, Mexico, India). NIC is a grade between developed and developing countries. It includes Brazil, China, India, Indonesia,[21] Malaysia, Mexico, Philippines, South Africa, Thailand and Turkey.NICs...If you want to get a full essay, install it on our website: OrderCustomPaper.com

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