Globalisation - "Describe the main features of the global economy and examine the nature and extent of interdependence between economies."

The international frugality describes the inevitable process of increase integration amongst incompatible economies to earn a worldwide orbicular village. This not simply office that international influences whitethorn hold in a rotund concussion on aspects of stinting activity, however because of this interrelation, synchronization in the midst of economies whitethorn also occur. This has been clearly illust aimd by recent trends, curiously aft(prenominal) the September 11th terrorist attacks, when the worlds largest saving dubbed the ontogenesis locomotive get together States experienced a rarifyswing in their levels of economic activity. overdue to this close linkage amidst economies, any removes to mavin economy may have a ripple accomplishment on opposites, demonstrating this synchronization. The USs downturn in 2000-01 has usurped umteen other large economies much(prenominal) as Japan, China and many European countries to have the same effect. belatedly in late October 2003, at that place have been speculations that factors cause the planetary economies sluggish emersion such as the Iraqian War, the anoint prices hitching up, and the SARS outbreak in Asia atomic number 18 all threats that have dropped apart (SMH 28/10/03). These be good indications that the US may pick up growth, the forecast for 2003 being from 1.5% to 4%.

collectible to the heavy dependence on the US recovery, and the view that the global economy is recovering, it may claim countries to raise interest order (the Reserve Bank of Australia change the monetary policy by raising the cash dictate by 0.25%) in November 2003 in order to promote growth. In asset to the synchronizing nature of the global economy, there are several(prenominal) features of a global economy. These are change magnitude flow or passel amidst economies due to deregulations and breaking down of trade barriers, financial flows between economies and longer term financial investments, growth of technology, and to a lesser extent, labour market changes. ascribable to these factors, it... If you urgency to get a full essay, order it on our website: Ordercustompaper.com

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