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  • Lesson-2-The-Global-Economy-Additional-Info (20230224100944)

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    Novelyn Duyogan
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    The global economy refers to the international exchange of goods, services, capital, technology and information. It has expanded significantly due to increased globalization and communication technology. Countries have also reduced trade barriers by establishing organizations like the World Trade Organization and opening their markets. However, the global economy has seen low growth for an extended period and income inequality is rising as only the richest have experienced substantial income growth. China has played a large role in supporting more openness and globalization.

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    LESSON-2-THE-GLOBAL-ECONOMY-ADDITIONAL-INFO (20230224100944)

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    The global economy refers to the international exchange of goods, services, capital, technology and information. It has expanded significantly due to increased globalization and communication technology. Countries have also reduced trade barriers by establishing organizations like the World Trade Organization and opening their markets. However, the global economy has seen low growth for an extended period and income inequality is rising as only the richest have experienced substantial income growth. China has played a large role in supporting more openness and globalization.

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    3 views14 pages

    Lesson-2-The-Global-Economy-Additional-Info (20230224100944)

    Uploaded by

    Novelyn Duyogan
    The global economy refers to the international exchange of goods, services, capital, technology and information. It has expanded significantly due to increased globalization and communication technology. Countries have also reduced trade barriers by establishing organizations like the World Trade Organization and opening their markets. However, the global economy has seen low growth for an extended period and income inequality is rising as only the richest have experienced substantial income growth. China has played a large role in supporting more openness and globalization.

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    © All Rights Reserved
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    of 14

    THE GLOBAL

    ECONOMY
    LESSON 2
    GLOBAL
    ECONOMY
    also referred to as "world
    economy"
    refers to the international
    exchange of goods and
    services
    it may also mean as the free
    movement of goods, capital,
    services, technology and
    information
    It is concerned with
    globalization of production,
    finance, markets,
    technology, organizational
    regimes, institutions,
    corporations and labor.

    It is expanding since the


    emergence of transnational
    trade and increased
    exponentially due to the
    increase rate of
    communication and
    technology.
    GLOBAL
    ECONOMY
    The creation of World Trade
    Organizations made
    countries cut down trade
    barriers and open up their
    current accounts and
    capital accounts.
    ADDITIONAL
    GLOBAL
    ECONOMIC
    TRENDS
    LIFE TODAY IS BETTER THAN EVER BEFORE
    GLOBAL GROWTH: TOO LOW FOR TOOLONG
    ONLY THE RICHEST HAVE SEEN THEIR INCOMES
    RISE RAPIDLY
    CHINA: THE BIGGEST
    SUPPORTER OF
    OPENNESS
    "It will be an era that seesChina
    moving closer to center stage and
    making greater contributionsto
    mankind.”

    (19th National Congress of the


    Communist Party of China in
    Beijing,2017)
    Q AND A PORTION
    How is the global
    economy performing?
    What are the latest
    economic indicators?
    What factors are affecting the
    growth of the global economy?
    What is the outlook for the global
    economy in the short-term and long-term?

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