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    Ches Ter
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    The global economy can be defined as the sum of economic activities both within and between countries. It is characterized by the opening of international borders to fast flows of goods, services, finance, people and ideas as well as changes in national and international institutions and policies. The key characteristics that define a global economy include natural resources, infrastructure, population, technology, labor, and human capital.

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    The global economy can be defined as the sum of economic activities both within and between countries. It is characterized by the opening of international borders to fast flows of goods, services, finance, people and ideas as well as changes in national and international institutions and policies. The key characteristics that define a global economy include natural resources, infrastructure, population, technology, labor, and human capital.

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    9 views1 page

    Global Economy

    Uploaded by

    Ches Ter
    The global economy can be defined as the sum of economic activities both within and between countries. It is characterized by the opening of international borders to fast flows of goods, services, finance, people and ideas as well as changes in national and international institutions and policies. The key characteristics that define a global economy include natural resources, infrastructure, population, technology, labor, and human capital.

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    GLOBAL ECONOMY

    WHAT IS GLOBAL ECONOMY?

    Global economy can be defined as the sum of activities that take place both within a country and
    between a countries.

    TWO PREMISES:

    1.) The opening of international borders to increasingly fast flows of goods, service, finance, people
    and ideas.
    2.) The changes in institutions and policies at national and international levels.

    CHARACTERISTICS OF GLOBAL ECONOMY:

     NATURAL RESOURCES
     INFRASTRUCTURE
     POPULATION
     TECHNOLOGY
     LABOR
     HUMAN CAPITAL

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