'Describe the main features of the global economy and examine the nature and extent of interdependence between economies'
The global economy consists of all the countries in the world that produce goods and services and who therefore contribute to world Gross Domestic Product (GDP).
Globalisation is the increasing economic integration between countries leading to the emergence of a global economy. There are 4 main features of this new Global Economy:
3.New Rules and Norms
4.New Tools of Communication
With the new Global Economy new markets a…
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