The world economy may be a advanced system. All national economies ar delimited by the movement of products, services and inputs. On this basis, international economic relations emerge between countries, i.e. economic relations between residents and non-residents.
Concept and subjects of world economy
In domestic and foreign literature there ar totally different approaches to the definition of the thought of “world economy”. the foremost necessary of them are:
1) World economy — a group of national economies connected with one another by the system of international division of labor. This definition is predicated on the thought of world economy because the add of national economies;
2) World Economy — the globe system of production and monetary relations. This approach reflects the mostparts of the globe economy — the sphere of real production and circulation;
3) World economy — a group of national-state and non-state structures, still as their interactions supported the international division of labor and political contacts. during this interpretation, the globe economy may be a single economic area (mega-economy), during which the themes of economic relations are: national economies of the countries of the world; world business entities - international companies and their alliances; world economic establishments — international economic organizations.
National economies of the countries of the globe ar the foremost necessary subjects of the globe economy. There ar over one hundred eighty countries within the world. Among a substantial range of nations with numerousindicators of economic development it's customary "to distinguish|to totally differentiate|to tell apart" different teams of nations classified consistent with essential options.
Transnational companies (GDP) ar the most important corporations within the world, that ar international in their field of activity, however have city in their home countries.
At the start of the twenty first century, there have been some seventy,000 GDP and 850,000 branches within theworld. About 50,000 parent corporations ar set in developed countries. GDP account for concerning five hundredth of world production and 2/3 of world trade. Capitalization of every of the world's largest GDP within the prime 10 is many hundred billion bucks.
Among the peculiarities of contemporary GDP ar the large size of GDP, that ar delineate by vast industrial and monetary complexes with the turnover of many billions of bucks, still because the role of GDP, that is set by the importance of the sectors of the economy, wherever the interests of companies ar focused. These ar latest hi-techproducing industries, closely coupled to scientific and technological progress: automotive, electronic, chemical, pharmaceutical, etc.
International economic organizations ar the institutes of world economy, the role of that has particularlyexaggerated in recent decades. the bulk of international economic organizations ar non-governmental, with concerning 3000 of them. These embrace such well-known organizations as international organization, IMF, OECD, etc. the opposite cluster of organizations is interstate, there ar concerning four hundred of them. Among them ar the EU, NAFTA, ASEAN, etc.
Stages of development of the globe economy
The world economy began to develop way back. It all began with world trade, that is that the add of foreign trade of all countries of the globe. At the foremost ancient stages of human history, entire peoples may acquire direct contact with one another. Such contacts arose throughout migrations, mass escapes from natural disasters, forceful division of territories, exchanges.
Residents of the primary state within the world (Egypt) five thousand years past listed with neighboring tribes, shopping for from them wood, metals, eutherian in exchange for the product of crafts and agriculture. They additionally organized expeditions for economic development of recent lands. At constant time, tribes living in Russia changed product with neighboring tribes.
Traders in services began to induce concerned in international change product. Phoenician and Greek merchants not solely listed product throughout the Mediterranean, however additionally provided services for the transportation of products and foreign passengers.
The region of the Mediterranean and also the Black Sea, along with the adjacent countries of Western Asia, became the region of the globe, wherever in earlier period the core of the globe economy was born. bit by bit it had been joined by alternative economic regions of the globe — 1st South Asia, then South-East and East Asia, Russia, America, Australia and Oceania, areas of Tropical continent.
A great contribution to the formation of world change product and services was created by the active unfold of market relations, the nice geographical discoveries of the XV-XVII centuries, the emergence within the XIX century of the machine business and fashionable means that of transport and communication.
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