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Integration and growth in a globalized world economy

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Published by International Monetary Fund .
Written in English

Subjects:

  • International economic integration,
  • International economic relations

Book details:

The Physical Object
FormatUnknown Binding
Number of Pages42
ID Numbers
Open LibraryOL12085449M
ISBN 101557758476
ISBN 109781557758477

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Among the growth-enhancing aspects of greater global economic integration are: Competition: Limiting the impediments to trade in goods and services among nations increases the degree of competition faced by firms in the local economy. fn sum, global economic integration has supported poverty reduc-tion and should not be reversed. But the world economy could be much more inclusive: the growth of global markets must not continue to by-pass countries with 2 billion people. The rich countries can do much,File Size: 8MB. Integration into the world economy is not an end in itself but should rather be regarded as a means in the course of development. Thus, an optimisation should be made by the authorities of the domestic economy. In this respect, although some developing countries,File Size: KB. the integration of the Nigerian economy into the global economy, the growth pattern of the economy has re mained below expectation when compared with other countries of the world.

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Globalization and its Impacts on the World Economic Development Muhammad Akram Ch.(1), (2) Globalization is integration among the people, government and companies of different countries introduced the concept of border-less and integrated world economy. Globalization has given a File Size: KB. The New Wave of Globalization and Its Economic Effects S INCE ABOUT THERE HAS BEEN UNPRECEDENTEDglobal economic integration. Globalization has happened before, but not like this. Economic integration occurs through trade, migration, and capital flows. Figure tracks these flows. World trade is measured relative to world Size: KB.   Some of the benefits of globalization include: Foreign Direct Investment: Foreign direct investment (FDI) tends to increase at a much greater rate than the growth in world trade, helping boost technology transfer, industrial restructuring, and the growth of global companies. Technological Innovation.

The first Global Economy? The Sung Miracle, the Golden Age of Islam and Medieval Europe. The Plague and the beginnings of the Great Divergence. 2. The preindustrial economies: The rise of the West and the Great Divergence in the Early Modern Period. The constraints of economic growth during the preindustrial period. Books shelved as global-economy: The Shifts and the Shocks: How the Financial Crisis Has Changed Our Future by Martin Wolf, Globalization and its Discont. In a world increasingly dominated by two global powers, the US and China, the new frontier of globalization is the cyber world. The digital economy, in its infancy during the third wave of globalization, is now becoming a force to reckon with through e-commerce, digital services, 3D printing. Amid increasing globalization, ASEAN aims to become a more dynamic and stronger segment of the global supply chain and is determined to look beyond the borders of the ASEAN Economic Community. The region presents opportunities for investors to access not only ASEAN markets but also some of the world’s largest economies.