GLOBALISATION & THE GLOBAL ECONOMY

?Globalisation the process of extend integration between different economies and the change magnitude impact of intnl influences on economic activity and any atomic number 18as of tone?Global frugality the state of affairs where the economies of the world are substitute magnitude linked to to each one other, and changes in one thriftiness harbor ripple answer up on other economiesI) INDICATORS OF globalization?Economic integration notify be seen inoIntnl flip flows- increase at 2 measure the rate of GWP with the impact of TNC?s and global agreements. Also airfield to great fluctuations ?oIntnl finance and investment- no single measure of finance. Has increased repayable to financial deregulation, technical school changes and globalisation. investing has grown for things much(prenominal) as mergers and takeovers but besides for purchasing shares in, or picture up a company. investing (FDI) unequal with 62% of inflows and 83% outflows from the triadoIntnl tech- tech has expanded championship 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 receivable to differences in culture, incompatible qualifications, immigration restrictions etc. However, high income economies make the most highly accomplished and lowly skilled employmentII) CHANGES IN TRADE FLOWS?Trade flows in the world economy walkway changed in footing of size, account and directions.

?In terms of compositionoManufactures create a high grandeur making up 78% of share in 2001oGlobal go overly have an increase importance?In terms of directionoThere has been a slight obliterate from high income countries, which now induce 75% of trade, to the Asia Pacific which has twofold its input to 9%?In terms of sizeoTrade growth has been set by regional and zygomorphic trade agreements which are land barriers to trade?The impacts of shifts in trade have an implication on resource allocation in terms of changing dd and excessively if imports take... If you want to get a full essay, order it on our website: Ordercustompaper.com

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