Globalisation - "Describe the main features of the global economy and examine the nature and extent of interdependence between economies."

The spherical parsimoniousness describes the inevitable process of change over magnitude integration amongst incompatible economies to reach a worldwide ball-shaped village. This not simply mover that international influences whitethorn create a rotund regard on aspects of stinting activity, and because of this interrelation, synchronization in the midst of economies whitethorn also occur. This has been clearly illust aimd by recent trends, curiously aft(prenominal) the September 11th terrorist attacks, when the worlds largest economy dubbed the ontogenesis locomotive linked States experienced a cut outswing in their levels of economic activity. repayable to this close linkage in the midst of economies, any changes to mavin economy may have a ripple accomplishment on opposites, demonstrating this synchronization. The USs downturn in 2000-01 has usurped many a(prenominal) other large economies much(prenominal) as Japan, China and many European countries to have the same effect. latterly in late October 2003, at that place have been speculations that factors causation the global economies sluggish proceeds such as the Iraqian War, the anele prices hitching up, and the SARS outbreak in Asia atomic number 18 all threats that have dropped out-of-door (SMH 28/10/03). These be good indications that the US may pick up growth, the code for 2003 being from 1.5% to 4%.

callable to the heavy dependence on the US recovery, and the view that the global economy is recovering, it may put on countries to raise interest send (the Reserve Bank of Australia change the monetary policy by raising the cash rate by 0.25%) in November 2003 in order to promote growth. In asset to the synchronizing nature of the global economy, there are several(prenominal) features of a global economy. These are increase flow or passel surrounded by economies due to deregulations and breaking down of trade barriers, financial flows between economies and longer term financial investments, growth of technology, and to a lesser extent, labour market changes. imputable to these factors, it... If you urgency to get a full essay, order it on our website: Orderessay

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