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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 ...
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 ...
Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism is a 2018 book by American economic sociologist and academic Gary Gereffi published by Cambridge University Press and part of their Development Trajectories in Global Value Chains series.[ 1] The book discusses the Global Value Chains (GVC) framework ...
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 ...
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 ...
International trade is the exchange of capital, goods, and services across international borders or territories [ 1 ] because there is a need or want of goods or services. [ 2 ] (see: World economy ) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout ...
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. [16] The region's economic success was referred to as "An East Asian Renaissance" by the World Bank in 2007. [17]
POVERTY. Yunus' belief that poverty - which plagued more than 18% of Bangladesh's population in 2022 - is a "threat" and causes problems ranging from terrorism to trafficking, informs most of his ...