Positive Impacts Of The Global Economy

The global economy is the economy of the world, also known as international exchange of services that are expressed in money. The economy is judge by monetary terms. In every case there is a place to express that monetary value. As in 2015, 130countries have reached an economy of US$2 trillion by GDP. Government agencies has established a web of economic studies to promote exports. These agencies include USCS and FAS in the United States.

Developing countries (negative effects)

a) The growth of the trades is delivering income inequalities between the industrialized and unindustrialized countries.

b) Protectionist in the very industrialized nations stops many produces from exporting goods.

c) When the capital flow increases, these are of high

c) It gave chance to developing countries be a part of international production and can enhance the market chain of trade.

Developed countries (positive effects)

a) The trade among the nations have comparatively promote the growth of the nations.

b) Addionally, this can lead to having strong relation between the capital flow and economic growth.

c) Increase in trade, resulting growth rates.

d) It has been seen that high economy can lead to positive growth in every sector in countries that have sufficiently rich i.e. developed countries.

e) Lower increase in taxes and lower the level of corruption in their countries.

Developed countries (negative effects)

a) Industries in some country might be endangered due to advantage of other developing countries.

b) Over use of the natural resources to meet the high need for the production to meet the goal.

2) World bank is an international finance institute that approves loans for the developing countries.

It was form in July 1994 i.e. 72 years ago. World Bank is the branch of World Bank group, which is also a part of united nation system. Reduction of poverty is the main goal of World