什么是global economic?

什么是global economic?
什么是global economic?

什么是global economic?
generally refers to the economy,which is based on economies of all of the world's countries,national economies.

全球经济

the condition of economy in the world

A global economy is characterized as a world economy with an unified market for all goods produced across the world. It thus gives domestic producers an opportunity to expand and raise capacity accord...

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A global economy is characterized as a world economy with an unified market for all goods produced across the world. It thus gives domestic producers an opportunity to expand and raise capacity according to global demands Likewise, it also provides an opportunity to domestic consumers to choose from a vast array of imported goods. A global economy aims to rationalise prices of all products globally. A computer or a cup of coffee would cost the same amount of money in both the USA and India in real terms if identical units of both the goods are purchased. With the reduction in the level of tariffs and quotas under new WTO (World Trade Organization) restrictions, free flow of goods between the developed and the developing countries has become a distinct possibility. The emergence of Trans National Companies or Multi National Companies has been due to the direct impact of globalization. Globalisation has boosted productivity and capacity of these companies to astronomical highs because of the stiff competition at the international level. Improvement in technology in the developed countries such as USA and Japan has permeated to those of the less developed economies of Asia, Africa and Latin America. This has enabled the people of the developing countries acquire requisite technical skills and knowledge for operating sophisticated equipments. These skills percolate throughout the economy and improves the general productivity of the labor in these countries thereby raising the income levels
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A global economy is characterized as a world economy with an unified market for all goods produced across the world. It thus gives domestic producers an opportunity to expand and raise capacity accord...

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A global economy is characterized as a world economy with an unified market for all goods produced across the world. It thus gives domestic producers an opportunity to expand and raise capacity according to global demands Likewise, it also provides an opportunity to domestic consumers to choose from a vast array of imported goods. A global economy aims to rationalise prices of all products globally. A computer or a cup of coffee would cost the same amount of money in both the USA and India in real terms if identical units of both the goods are purchased. With the reduction in the level of tariffs and quotas under new WTO (World Trade Organization) restrictions, free flow of goods between the developed and the developing countries has become a distinct possibility.

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