The Global Economy Notes

  the increase in trade across national boundaries
      Increase in movements of capital, labour, technology between   nations
      Increase in interdependency between national economies
      Growth in size/number of Transnationals
      Increased environmental damage
      Increases in the flows of labour, g/s, crime legislation,   tourists, technology, information
    The global economy
      reflects total amount of economic activity going on in the     world. For it to exist, it means that a rising share of economic     activity in the world is taking place between people who live     in different countries.     International organisations
  Such as WTO and IMF have helped free up world trade by reducing   trade barriers, and by the deregulation of the World financial   markets.
      Some globalisation in countries causes a loss in national   identity, increasing environmental problems and exploitation   of labour
  A concept similar to GDP but it looks at total world output over   a period of time. One indicator of globalisation is that global   trade is growing faster than GWP.
      measured by adding together the outputs of the world economy.   1999 est to be US$ 40714 billion
      Figures may vary significantly as Inflation rates vary, exchange   rates differentiate, statistical methods vary, inaccuracies.
    WT and Output
      Expansion of the world economy directly related to fast growing     new economy of North America.     Purchasing Power Parity
      Method of comparing living standards in different countries   by comparing the Purchasing Power of different currencies rather   than comparing various GDPS. PPP concentrates on the volume   of goods and services that can be purchased with 1 unit of a countries   currency.     High trade Dependency
  Countries with very high trade dependencies act as trade conduits
      they import goods and repackage them and sell them...