StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Impact of Global Economy Shifts In Our World - Article Example

Cite this document
Summary
The world has become more closely knitted with the different treaties, agreements, and pacts that aimed at shaping the economic landscape into one that is more manageable and transparent. There are a number of variables, however, that keep changing the parameters from time to…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
The Impact of Global Economy Shifts In Our World
Read Text Preview

Extract of sample "The Impact of Global Economy Shifts In Our World"

Download file to see previous pages

Modern technology and improvement in communication coupled with decrease in tariffs and trade barriers have contributed to the global economy. Across the world many countries and regions have formed trade groups aimed at promoting the movements of goods and services across borders, and making each group a stronger body among existing competing markets. These trade groups range from the European Union in Europe, to North American Free Trade Agreement and several different regions and countries becoming attached to at least one agreement.

These try to cultivate an economic bloc to deal as one entity with the rest of the world. During the Cold war era the United States and its allies controlled the western market while the Soviet Union dominated the markets of Eastern Europe as well as those countries that were sympathetic to the communist cause. Capitalism was seen by many as the means by which financial and economic stability could be obtained. However, with the fall of the Soviet Union the power of the United States in the global economy began to decrease.

At about the same time many countries, in Latin America, for example, began to form themselves into trading blocs that did not project the Unites States of America and other major industrialized countries as their main trading partners. In recent times China and India have been emerging as the countries of global economic influence. The large workforce of both countries and the ever increasing technology exports of India have caused pushed both countries to the forefront. There will be several implications, however, as these countries take on added dimensions.

One great impact that this will have is on the developing countries in the world. Based on the trend in recent years developing countries are becoming potentially major gainers from improvements in the economic performance of other developing countries (Winters, Yusuf 2007). The countries in the western world will become less relevant to

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Impact of Global Economy Shifts In Our World Article”, n.d.)
The Impact of Global Economy Shifts In Our World Article. Retrieved from https://studentshare.org/miscellaneous/1553350-the-impact-of-global-economy-shifts-in-our-world
(The Impact of Global Economy Shifts In Our World Article)
The Impact of Global Economy Shifts In Our World Article. https://studentshare.org/miscellaneous/1553350-the-impact-of-global-economy-shifts-in-our-world.
“The Impact of Global Economy Shifts In Our World Article”, n.d. https://studentshare.org/miscellaneous/1553350-the-impact-of-global-economy-shifts-in-our-world.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Impact of Global Economy Shifts In Our World

Global Warming Issues

There can be no clearer illustration of the need for human beings to act globally than the issues raised by the impact of human activity on our atmosphere.... That we all share the same planet came to our attention in a particularly pressing way in the 1970's when scientists discovered that the use of Chlorofluorocarbons (CFC) threatens the ozone layer shielding the surface of our planet from the full force of the sun's ultraviolet radiation....
9 Pages (2250 words) Essay

Oil Prices and the World Economy

This paper “Oil Prices and the world Economy” investigates into the major factors that bring about a change in the price of oil, in particular, in the recent scenario of oil price hikes.... hellip; The paper sheds light on the effects of changes in oil price on businesses and economies around the world by way of affecting production, consumption, investment, and major macroeconomic indicators.... Along with the forces of demand and supply, there happen to be certain artificial factors that particularly cause the world oil to become expensive for oil importing countries, for instance, geopolitical factors and disruption in oil supply....
14 Pages (3500 words) Dissertation

Shifts In Maritime Transportation Industry

The paper "shifts in Maritime Transportation Industry" discusses the cyclic nature of the maritime transportation industry and the role of the global geopolitical environment on its dynamics.... The present slow down of the industry in the developed world gives rise to this pessimism however, the forecast for the developing world produces a completely contrasting picture.... After the end of the Second world War, The United States was the leading country in maritime transportation....
5 Pages (1250 words) Case Study

Gasoline Prices in the US

million barrels per day of crude oil accounting for as much as 25 percent of global production.... Increased gasoline prices have a huge impact on the economy because of the heavy reliance in motor vehicles in developed countries.... In order to understand the importance of gasoline for the national economy, it is essential to look at the market and what factors are affecting the price of gasoline.... Crude oil prices have the major impact on gasoline prices....
6 Pages (1500 words) Essay

Climate Change and the Population Extinction

Abstract: The purpose of this study was to evaluate the impact of climate change on the population extinction of two species of checkerspot butterfly.... Global warming the most visible aspect of climate change affects our whole climate system including humans worldwide.... This study evolved from the fact that population abundance, population migration; geographic range shifts and precipitation variability are the definite consequences of climate change....
7 Pages (1750 words) Essay

Is the US Banking Crisis Likely to Lead to a Similar Experience as the Japanese Lost Decade

The discount rate or the lending rate for banks was lowered by The economy had cheap money floating which was invested by the public.... As a result of this the growth in the American economy is slowly crawling upwards, the savings are invested in the real-estate which does not make any contribution to the country's savings and the stock market...
12 Pages (3000 words) Essay

Potential Benefits of a Circular Economy

This report deals with the analysis of a circular economy by considering the main principles and challenges associated with this kind of economy, by assessing the benefits and need of this kind of economy and by discussing how this economy has already been implemented by some nations across the world.... The paper "Potential Benefits of a Circular economy" describes a positive approach to redesigning the ecosystem and economies by developing industrial processes and systems that are regenerative, ensuring the development of innovation, employment opportunity creation, and economic development....
8 Pages (2000 words) Term Paper

Technology Change and Job-Loss

hellip; Technology changes almost every day and the outcome is that our life and social setup have tremendously been changed.... Both technology and employment are extremely important elements of a developing economy and a better standard of living.... Technology advancement certainly brings development to the economy, and similarly, fuller employment is a critical element to ensuring an improved standard of living....
7 Pages (1750 words) Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us