The global economy is an uneven playing field. Evaluate this term with reference to the main economic groups that have developed historically and politically.

... By: Liz Haigh The global economy is an uneven playing field. Evaluate this term with reference to the main economic groups that have developed historically and politically. The word 'Global Economy' is defined as the 'world-wide exploitation of resources and the world-wide production and marketing of goods and services'. This is broken down into each individual countries economy. A countries economy is 'the amount of money within the country and how it is linked together by such things as business'. However what makes the global economy such an uneven platform is the breakdown of the worlds economies and the types of countries. The Brant report is the basic way of showing how the world in reality is split into two areas the north and south regions. The north is predominantly first world country. A first world country is one, which comprises mainly of more economically developed countries (MEDC's), where capitalism prevails. Examples of

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