Economics Issues For Hmos

The Global Economy The Global Economy The global deliverance refers to the sum of interactions amongst the economies of individual countries that are now increasingly coupled in concert into one economic unit. The global or world sparing consists of completely the countries in the world that aim goods and wait on, thereby bring to hoggish World increase (GWP). It butt end be busted down into four categories: AIEs, NIEs, developing countries and economies in transition. * Advanced industrialize Economies (AIEs) * Includes the US, Japan and Australia. * these and the NIEs - 29 countries * Newly industrialized Economies (NIEs) * Includes Singapore, Taiwan, southern Korea and Hong Kong. * develop economies: * Includes India, Nigeria and Brazil. * Economies in transition: * Includes Russia, Poland and Hungary. The global economy is based unaired to the three major economic groupings. They only have close t reat links and account for the mass of world output. These groupings together form a global trade and investment troika: * North American Free administer Agreement (NAFTA): USA, Canada, Mexico * European Union (EU): Ger galore(postnominal), France, Italy, UK, and so forth

* Asia Pacific economic Cooperation Agreement (APEC) and the Association of South East Asian Nations (ASEAN): Japan, etc. Gross World Product Gross World Product (GWP) refers to the sum of total output of goods and services by each economies in the world over a period of clock time. In the industrialised wor ld the value of what many countries buy and ! snitch from overseas is greater than half of the solid grounds economic output. World GDP at buying actor Parity (PPP) is the total market value of all goods and service produced by all countries over a presumptuousness time period (usually one year) adjusted for national variations in the prices pay for goods and services. Industrialised nations (28) accounted for 57.4% of total world GDP even so accounted for only...

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