With the advent of improved methods of production and new technological researches that are taking place across many countries in the world, most of the people in this world are craving for a better standard of living in the near future. Recently, the Global economy experienced an economic turmoil arising from a recession that had almost shifted the very base of the information technology sector, and thus the monetary gains of the third world countries from the out sourcing business that had sprung up in the late 90s. Major wars and natural calamities have caused disastrous effects on the global economy, which would have otherwise flourished to a better standard. The great depression of 1929 had dreadful effects on the economy and in recent past economic have studied the course of the world economy and forecast a similar depression phase tat will spring up all of a sudden and shatter the temporary monetary balance in the world. We have seen that several countries have followed the strategy of self-sustained growth by slowly shifting heir techniques of production from labor intensive to the usage of capital-intensive techniques. The capitalist nations or the first world countries have already followed this strategy and shifted its production from the primary commodity and concentrated on the tertiary or the service sectors. In addition, the trade strategies took a new turn from the import of capital goods to export of agricultural commodities to import of services and export of capital goods to the third world nations, which are still using labor-intensive techniques of production for improving their productivity. But not must have been done to remove the income disparities between the first world and the third world nations. The proletariat of the third world countries are counting every move that they take top survive in this harsh world, and the bourgeois sitting in air conditioned offices in the capitalist nations are swelling with monetary gain and wealth at the expense of the former. Let's Discuss World Economy Here in this Forum
Hi, The trend of world economy is largely governed by the price of crude oil and precious metal. And these two things are showing extreme volatile nature, as a result most of the nation are suffering from market inflation. Regards sarah
After investigating both parts, the US website as well as the world economic forum websites, I highly suggest that one should investigate both the websites equally in case they want to know the actual face of the world economy. These are the excellent standpoint of the economic and social growth of human civilization that is after all the environment in which people work and live. They both have same ideas, with various emphases. The United Nation is focused on completing the millennium enhancement targets as well as enhancing world governance. World economy involves several risks that includes: global governance, water, global warming , economic disparity, food and energy nexus problems. all these includes various economic problem.
the global economy stands on only few nations like america, japan, the arab nations for crude oil and russia. even nations like china and india contribute a lot but then these are affected with respect to developed nations. every time there is crisis in these developed nations, the whole world faces economic crisis.
After investigating the parts of United nation sites and the Sites based on the World economy, I highly advocate that one should investigate these two sites on their own. They’re quite a superb sites in terms of information. The economic and social development of the human beings and civilization that is after all the circumstances in which people work and live. These both same perspectives with different emphasis. United Nation has concentrated on finishing millennium development targets as well as enhancing the world governance. The economy of 2011 includes four main risks and that is global governance, economic disparity, global warming and corruption including little factors such as water, food, energy nexus problems.
People and especially govt is involved in the Indian economy development at the cost of environment. Posco steel plant in Orissa and the former Tata Nano plant in West Bengal had severe effects on the farmer population whose land had compulsory been allotted to the steel plant.
The coupled India:Global economic analysts use the term decoupling for India’s growth story. However, Indian economy is still as affected by International events directly which is why it has still not decoupled.
53 India's Growing IT Market: IT market of India in 2011 consolidated its 2010s strong performance owing to improved economy plus consumer sentiment. Computer shipments in 2010 were greater by 30% compare to 2009, yet growth is analyzed to be moderate in 2011 because of base effects, but it would be in double digits.
India is a major contributor to the World economy as it is one of the largest purchase power in the world. Countries like US, and Japan are finding India a potential economic hub to invest and to strengthen their economic prospects. India should also try to expand its economic frontiers by investing largely in other nations but prior to this self sufficiency in all the products is the need of the hour as this would make India self reliable and Independent Economic nation.
Hi Rashijain, I just reviewed the above posted thread "World Economy Forum", and feel very pleased. Really as a human-being we should aware about the World economy Forum and learn something which will assist us for our business life as well as personal life. Again thanks for your great efforts! Cheers ! ----------- Links to External WEbsites not allowed , This forum is to promote Nationalism not your personal blog or website. Please Follow the rules.
