----------------------------------- joeydaprof Jun 12, 2006 Globalisation ----------------------------------- The Global Economy and Globalisation - 2005 While there is a great deal of talk about the 'Global Economy' and 'Globalisation', they are often spoken of, as if everyone understands what is meant by the terms or, alternatively, as giant mysterious forces that control the world, that no one has any knowledge or understanding of. The aim of this paper is to examine the 'Global Economy' and 'Globalisation' and to see what is happening in these areas. The Global Economy The Global economy is the world economy. It is the economic activity going on in the world. It is the combined economic activity that takes place in each individual economy plus the activity between countries. It includes all production, trade, financial flows, investment, technology, labour and economic behaviour in nations and between nations. Economists try to predict trends in the world economy by applying models that demonstrate how changes in certain economic variables or factors ......

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