GLOBAL

ECONOMY
WHAT IS GLOBAL ECONOMY?
Global Economy

• The widening, deepening and specking up worldwide interconnectedness in

all aspects of contemporary social life. ( 1stvan bencces, 1999 : 2)

• Economic globalization is the historical process, the result of human

innovation and technological process ( IMF, 2008 )
 2 TYPES OF ECONOMY

 Old Economy
 New economy
THE GLOBAL ECONOMY
INTERCONNECTED DIMENSIONS:
 The Globalization of trade of goods and services
 The Globalization of Financial and capital markets
 The Globalization of technology and communication
 The Globalization of production
WORLD FASTEST
GROWING ECONOMY
(2016-2017)
THE WORLD FASTEST GROWING
ECONOMY 2016-2017
 ETHIOPIA
2017 GDP: +9.00%
TURKMENISTAN
2017 GDP: +9.00%
DEMOCRATIC REPUBLIC
OF CONGO
2017 GDP: +8.80%
MYANMAR/BURMA
2017 GDP: +8.00%
 UZBEKISTAN
2017 GDP: + 7.90%
COTE D’ IVOIRE
2017 GDP: + 7.50%
PAPUA NEW GUINEA
2017 GDP: + 5.40%
INDIA
2017 GDP: +7.80%
 BHUTAN
2017 GDP: +7.40%
 MOZAMBIQUE
2017 GDP: +7.40%
 TANZANIA
2017 GDP: +7.20%
 RWANDA
2017 GDP: +7.30%
 CHINA
2017 GDP: +6.90%
THANK
YOU!