Global Economy: Trends, Challenges, and Future Outlook
The Global economy is the interconnected system of economic activity across countries, driven by trade, finance, technology, and labor. In today’s world, no country operates in complete isolation. Nations depend on each other for goods, services, investments, and knowledge transfer. This interdependence has made the global economy both more prosperous and more vulnerable, as local events can create ripple effects worldwide. Understanding the global economy requires exploring its structure, key trends, challenges, and future outlook. What is the Global Economy? The global economy refers to the collective economic activity that transcends national borders. It is shaped by: International Trade: Exchange of goods and services between countries. Financial Markets: Flow of investments, currencies, and capital. Labor Movements: Migration of workers and outsourcing of jobs. Technology and Innovation: Global spread of digital systems and automation. Policies and Governance: ...