The world economy

The world economy – a multi-level, the global economic system, combining the national economies of the world on the basis of the international division of labor through a system of international economic relation. There are global problems such as: – Preventing the threat of another world war, – Overcoming the ecological crisis and its effects, – Narrowing the gap in economic development between developed Western countries and developing countries of the “third world” . – Stabilization of the population of civilization on the planet. – The emergence of new trends in world economy, carrying both positive and negative effects.

In my presentation, I want to touch on one of the problems of modern world economy: the emergence of new trends. Main trends of the world economy. Trends, which appear only in XXI century, are: the internationalization of economic life, the transnationalization of business and the integration of national economies. The internationalization of economic life is a constant increase in the interconnection and interdependence of different countries, a gradual transition of the national economies of the closed system to an open economy, facing the foreign market.

International Economic Integration International economic integration – the process of interaction of national economies, in which takes place the convergence of economic mechanisms and directions of their development, and there appear supra-national regulation of economic processes. International economic integration starts with economic regionalism, in which a separate (usually neighboring) countries are setting up a regime more favorable conditions for trade and movement of factors of production. Globalization as a trend of the modern world economy.

The main trend in today’s global economy is its globalization, that is, the process of transforming the world economy into a unity market for goods, services, capital, labor and knowledge. The higher stage of internationalization is its further development. Positive impact of globalization: increasing of possibilities of humanity including all aspects of his life creating the conditions for harmonization. Globalization of the economy poses a serious basis for the solution of universal problems of humanity. Adverse effects, potential problems and dangers of globalization.

Globalization processes often welcome in developed countries and cause concern in the developing world. This is due to the fact that the benefits of globalization are unevenly distributed. Unevenly distribution of benefits from globalization creates a threat of conflict at regional, national and international levels. Most of it, which take part in the internationalization as a raw material suppliers and manufacturers of labor-intensive products, are in full dependence of the advanced nations, and have profits, which are, in first, smaller, and secondly, very unstable, depending on world markets.

In conclusion. The world economy is the complex system that are characterized by a plurality of their component elements by hierarchy by structure. So the process of globalization has many contradictions, and the discussion of negative and positive effects of the globalization process will still continue. The global problems of humanity development haven’t been separated from each other, they are interconnected, and this fact requires a radically new conceptual approaches to their solution.