Global Economy

The term “Global Economy” refers to the interconnected economic activities and interactions that occur between countries and regions around the world. It encompasses the exchange of goods, services, labor, and capital across international borders, influenced by trade agreements, investments, and financial markets. The global economy is shaped by various factors, including technological advancements, globalization, economic policies, and cultural exchanges. It reflects how economic events or conditions in one country can have ripple effects globally, affecting trade balances, employment, inflation, and economic growth. Essentially, the global economy highlights the integration and interdependence of national economies and the impact of global challenges, such as recessions, trade disputes, and environmental concerns, on economic stability and development worldwide.