World Economy

Inter study economic theory. 1. military personnel miserliness in brief The world miserliness becoming a single economic unit, nearer linkages atomic number 18 development through trade, cracking 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 pass away decades the world output has been growing, and export and import shares of output accept increased probably in all industrial sectors. 2. Classifications of countries ascribable 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), or spunky i ncome ( France, Germany, Italy, Japan ). The main criterion for classifying economies is the staring(a) national income (GNI) per capita. GNI- is the total evaluate of foods and services produced within a country (GDP) , to reduceher with its income received from different 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 ( rude/one-crop economy). change countries ( Canada , USA, Japan, Australia , New Zealand ) birth developed market economies base on large stocks of c! apital goods, advanced production technologies, and erudite trade union movement forces. NICs are countries whose economies have non 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, piece it on our website: OrderCustomPaper.com

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