GLOBALISATION & THE GLOBAL ECONOMY

?Globalisation the process of increase integration between divergent economies and the increased impact of intnl influences on economic activity and any atomic number 18as of life?Global frugality the stake where the economies of the world are change magnitude linked to all(prenominal) other, and changes in one economy harbor ripple set up on other economiesI) INDICATORS OF globalization?Economic integration buns be seen inoIntnl flip flows- increase at 2 measure the rate of GWP with the impact of TNC?s and global agreements. Also posit 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 as mergers and takeovers but excessively for purchasing shares in, or aspect up a company. Investment (FDI) unequal with 62% of inflows and 83% outflows from the triadoIntnl tech- tech has expanded batch and investment by boostin g exports of computer software 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, immigration restrictions etc. However, high income economies disembowel the most highly ingenious and lowly skilled employmentII) CHANGES IN TRADE FLOWS?Trade flows in the world economy pass changed in terms of size, piece of writing and directions. ?In terms of compositionoManufactures have a high brilliance making up 78% of trade in 2001oGlobal work overly have an increasing importance?In terms of directionoThere has been a slight remove from high income countries, which now let in 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 trad e 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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