The Global Economy’s Impact
Global economy is defined as the economic activity between intertwined countries, which can be either positive or negative (What is global economy, n.d.). The global economy is product of globalization and includes the trading of goods and services on the global market. There are many positive aspects of the global economy for both developed and developing countries. These include less restrictions on trade and the movement of labor, which allows for a more open market between countries, which encourages economic growth and opportunity. Increased investment in developing countries by developed countries to promote industry has improved the chances of opportunity it areas that …show more content…
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