what is the global economy the global economy is the world economy or the worldwide economy it is all the economies of the world the economy of every country which we consider together as one giant economic system it includes everything we buy sell and own on this planet the global economy is one giant entity the term global economy has two meanings one the economy of the whole planet ie global GDP and two the way the world is today with countries economies so intertwined and interdependent that they all seem like parts of one whole we call that
whole their global economy we currently live in a global economy when people say we live in a global economy they are talking about the interdependence of Nations some people use the term to refer to for example banking and finance which today has no national boundaries if a giant bank in one country collapses banks in other countries also suffer in fact whole economies might suffer when we talk about the global economy in this context we are referring to globalization in today's global economy more and more businesses are selling beyond their borders the need for effective global
marketing strategies has increased significantly global marketing refers to planning producing or creating placing and promoting a company's products or services in the global market since the advent of the internet the global economy has become relevant for many more businesses than before in the past only large corporations could call themselves multinationals today even small online businesses can trade with other companies and individuals from anywhere in the world the internet has chain changed many of the basic features of the global economy thank you for watching this markets business news video on the global economy
