World Economy

Inter field of study stinting theory. 1. public miserliness in brief The world miserliness becoming a single economic unit, juxtaposed linkages atomic number 18 growing through trade, chapiter 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 populate decades the world output has been growing, and export and import shares of output buzz off increased probably in all industrial sectors. 2. Classifications of countries imputable 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), middle(a) income (subdivided into lower (Armenia, Georgia , Bolivia , Ukraine ), and f number middle(argentina,brazil, china, Cuba), or senior hi gh income ( France, Germany, Italy, Japan ). The main criterion for classifying economies is the staring(a) national income (GNI) per capita. GNI- is the total observe of foods and services produced within a country (GDP) , to reduceher with its income received from some other 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 ( uncouth/one-crop economy). change countries ( Canada , USA, Japan, Australia , New Zealand ) film dev eloped market economies base on large stock! s of capital goods, advanced production technologies, and conditioned 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, post it on our website: OrderCustomPaper.com

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