ⓘ World economy ..


World economy

The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries measurements. Beyond the minimum standard concerning value in production, use and exchange the definitions, representations, models and valuations of the world economy vary widely. I ...


Downward harmonization

Downward harmonization is an econo-political term describing the act of adapting the trade laws of a country with an established economy "downward" to the trade laws of the country with a developing economy. This "harmonizing" may affect labor laws, human rights laws, minimum-wage, industry standards, quality control, anti-terrorism, etc.


Fourth World

The Fourth World is an extension of the three-world model, used variably to refer to Hunter-gatherer, nomadic, pastoral, and some subsistence farming peoples living beyond the modern industrial norm. Sub-populations existing in a First World country, but with the living standards of those of a Third World, or developing country. Sub-populations socially excluded from global society; The term is not commonly accepted. "Fourth World" has also been used to refer to other parts of the world in relation to the three-world model.


Global production network

Global Production Networks is a concept in developmental literature which refers to "the nexus of interconnected functions, operations and transactions through which a specific product or service is produced, distributed and consumed."


Global recession

A global recession is recession that affects many countries around the world - that is, a period of global economic slowdown or declining economic output.


Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how intensely the worlds economy can decline. The Great Depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news ...


ⓘ World economy

  • The economy of Taiwan is a developed capitalist economy that ranks as the seventh largest in Asia and 22nd - largest in the world by purchasing power parity
  • The economy of Asia comprises more than 4.5 billion people 60 of the world population living in 49 different nations. Six further states lie partly
  • The economy of Vietnam is a socialist - oriented market economy which is the 45th - largest in the world as measured by nominal gross domestic product GDP
  • the World Wide Web. The digital economy is also referred to as the Internet Economy New Economy or Web Economy Increasingly, the digital economy is
  • The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini currency is the second - highest - valued currency unit in the world Since the
  • The economy of France is highly developed and free - market - orientated. It is the world s 7th largest economy by 2019 nominal figures and the 10th largest
  • An informal economy informal sector or grey economy is the part of any economy that is neither taxed nor monitored by any form of government. Although
  • The economy of Switzerland is one of the world s most advanced free market economies The service sector has come to play a significant economic role
  • Political economy is the study of production and trade and their relations with law, custom and government and with the distribution of national income
  • it refers to a high portion of skilled workers in the economy of a locality, country, or the world and the idea that most jobs require specialized skills
  • The economy of Kuwait is a small but wealthy petroleum - based economy The Kuwaiti dinar is the highest - valued unit of currency in the world Non - petroleum

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