World Economy

Inter matter sparing theory. 1. homo miserliness in brief The world miserliness becoming a single economic unit, enveloping(prenominal) linkages atomic number 18 developing through trade, uppercase investment and financial institutions. transnational corporations (TNC) spread their activities across national boundaries, and the international banking system carries on banking activities through the world. During the two furthest decades the world output has been growing, and export and import shares of output pay back increased probably in all industrial sectors. 2. Classifications of countries overdue to all changes in economy there are several(prenominal) types of countries classification: 1)The World margin classifies economies of countries as low income ( Afghanistan, India, Sudan, Uzbekistan), spunk income (subdivided into lower (Armenia, Georgia , Bolivia , Ukraine ), and f number middle(argentina,brazil, china, Cuba), or high up income ( France, Germany, Italy, Japan ). The main criterion for classifying economies is the staring(a) national income (GNI) per capita. GNI- is the total cheer of foods and services produced within a country (GDP) , to reduceher with its income received from different countries ( interest and dividends), less(prenominal) payments made to other countries.

2) according to the level of economic suppuration countries are divided into :) developed ( industrialized) and developing ( boorish/one-crop economy). change countries ( Canada , USA, Japan, Australia , New Zealand ) suck up develo ped market economies establish on large stoc! ks of capital goods, advanced production technologies, and erudite trade union movement forces. NICs are countries whose economies have non yet reached Developed verdant status but have outpaced their developing counterparts( Brazil, china, turkey, Mexico, India). NIC is a grade between developed and developing countries. It includes Brazil, China, India, Indonesia,[21] Malaysia, Mexico, Philippines, South Africa, Thailand and Turkey.NICs...If you want to get a full essay, put up it on our website: OrderCustomPaper.com

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