global economy
Worldwide financial system
The global economy is the interconnected system of production, trade, and finance spanning all nations.
It encompasses how goods, services, money, and labor flow across borders: The global economy depends heavily on shipping.
Discussions of the global economy often address inequality between wealthy and developing nations, trade agreements, and how economic disruptions in one region ripple worldwide.
- foreign exchangeTrading between national currencies
- currency exchangeConverting between national monies
- exportsGoods sold abroad
- tariffsTaxes on imports
- trade sanctionsRestrictions on international commerce
income inequality · multinational corporations · supply chains · emerging markets · race to the bottom · trade deficits · imports · Davos · monetary policy · cryptocurrencies · remittances · international banking · stock markets · central banks · environmental sustainability · free trade agreements · trade war · fiscal policy
- Global Politicsforeign affairs, international affairs, world politics, foreign relations, diplomatic relations
- globalizationfree trade, multinationals, interdependence, multinational corporations, WTO
- external forcesenvironmental factors, market forces, demographics, interest rates, exchange rates
- modernitymodernity, modernization, internet, electricity, technology
- geopoliticsbalance of power, bipolarity, bloc, blocs, brinkmanship
- international relationsbilateral talks, foreign affairs, UN, sanctions, United Nations
global economylocal economy
Area's commercial activity
domestic economy · national economy · regional economy · domestic markets · home market
global economyautarky
Complete economic independence
protectionism · economic nationalism · self-sufficiency · mercantilism · import substitution
global economysubsistence economy
System without market surplus
barter economy · agrarian economy · cottage industry · gift economy · household economy
economy, global, economic, globalization, economics, economist, globally, economists, economies