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The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. [1] [2] In some contexts, the two terms are distinct: the ...
The World Economy: Historical Statistics is a landmark book by Angus Maddison. Published in 2004 by the OECD Development Centre, it studies the growth of populations and economies across the centuries: not just the world economy as it is now, but how it was in the past. Among other things, it showed that Europe's gross domestic product (GDP ...
East Asian countries are vital contributors to central global communications and trade networks, developing relations with other nations, including those of the Western world, making them a significant contributor to the global economy. The region's economic success was referred to as "An East Asian Renaissance" by the World Bank in 2007.
GTAP (the Global Trade Analysis Project) is a global network of researchers [3] (mostly from universities, international organizations, and economic and climate/resource ministries of governments) who conduct quantitative analysis of international economic policy issues, including trade policy, [4] climate policy, [5] and globalization linkages to inequality and employment. [6] The consortium ...
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
Cities are bouncing back and offices are reopening, but workers would rather commute for hours on end on a train (or plane) than give up their newfound life on the outskirts.
It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the ...
Record summer air travel demand isn't translating to record U.S. airline profits.