World Economy

Inter home(a) economical theory. 1. human beings miserliness in brief The world miserliness becoming a single economic unit, close-hauled linkages atomic number 18 underdeveloped through trade, upper-case letter 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 go bad decades the world output has been growing, and export and import shares of output stand increased probably in all industrial sectors. 2. Classifications of countries due(p) 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), centerfield income (subdivided into lower (Armenia, Georgia , Bolivia , Ukraine ), and f number middle(argentina,brazil, china, Cuba) , or high-pitched income ( France, Germany, Italy, Japan ). The main criterion for classifying economies is the staring(a) national income (GNI) per capita. GNI- is the total value of foods and services produced within a country (GDP) , to reduceher with its income received from some other 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 ( uncouth/one-crop economy). change countries ( Canada , USA, Japan, Australia , New Zealand ) broo k developed market economies establish on la! rge stocks of capital goods, advanced production technologies, and well-educated 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, purchase order it on our website: OrderCustomPaper.com

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