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Economical Environment

Economical Environment

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Published by anmol

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Published by: anmol on Mar 04, 2011
Copyright:Attribution Non-commercial

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03/04/2011

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EconomicalEnvironment
 
‡ Within the past decade, there have been severalremarkable changes in the world economy thathold important implications for business‡ The likelihood of business success is much greatewhen plans and strategies are based on the newreality of the changed world economy:‡ Capital movements rather than trade havebecome the driving force of the worldeconomy‡ Production has become ³uncoupled´ fromemployment‡ The world economy dominates the scene.The macroeconomics of individual countriesno longer control economic outcomes
 
‡ The growth of commerce via the Internetdiminishes the importance of nationalbarriers.‡ The first change is the increased volume of capitalmovements‡ The dollar value of world trade is greater than ever before‡ Trade in goods and services is running at roughly $ 4trillion per year, but the London Eurodollar marketturns over $ 400 billion each working day‡ That totals $ 100 trillion per year ± 25 times thedollar value of world trade‡ In addition, foreign exchange transactions arerunning at approximately $ 1 trillion per dayworldwide, which is $ 250 trillion per year ± 40times the volume of world trade in goods and services

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