The global economy
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The global economy is all the economies of individual nations are linked together rather then individual economies. The gross world product is the aggregate value of all goods and services produced worldwide in a year. Globalization involves the process of increased integration between countries and economies and increased impact of international aspects of life and economic activity. * International trade flows The average level of trade growth has grown at three times the average rate of national economic activity. Transnational Corporations are firms that operate in more than one country. * International finance Growth of international finance has played crucial roles, because money can move between countries much quicker than goods and services. Financial flows have expanded substantially following financial deregulation around the world * International Investment and Technology Foreign Direct Investment involves the movement of funds, which are directly invested into economic activity. Technology has allowed for faster communication and trade between countries. It has given economies...

