Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in UK.

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Question 1

Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in UK.

The world economy consists of many different factors. One of the most important ones is the GDP (Gross Domestic Product) of all countries. This factor is influenced by each countries performance in respect to the level of trade, investment and government spending. It is hard to identify an exact definition of the World Economy, since it consists of a vast amount of variables. "It is inseparable from the geography and ecology of Earth, and is therefore somewhat of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth." 1(wikipidia)

An analysis of some of the major factors affecting the Worlds Economy will be examined. These will differ between human decisions, such as wars and conflicts between nations and natural disasters. Furthermore a summary of the fluctuation of the world economy will be produced. In this sections a few examples will be given of major nations influencing the economy, aiming to gain