Describe the Global Economy of the 21st Century. What Will It Look Like? Which Countries Will Be Dominant?

The global economy of the 21st vitamin C is reflecting m whatever more(prenominal) than(prenominal) multinational companies. Much cross border trade wind and investments is bonny more and more visible. More and more companies that in the then(prenominal) have not really been looked at as a developing nation be now developing nations with freehand economies and their firms are major players in many global industries from send out building and steel to electronics and chemicals. (Hill, p. 24) Less stringent global frugal policies are becoming more wide spread and allowing for more and more cross border trade and investment. Technology such as the internet also allows for much easier multinational stinting exchanges. Countries that attire as dominant in the 21st century accommodate those that move toward a market orientated economy, which is more affectionate for international business. Hill suggests in the textbook, countries such as Czech-Republic, Poland, and Bra zil, among another(prenominal)s, are rapidly abject in this direction to bug out as dominant international business players. Although trends have shown that we are moving toward a widespread global economy, countries need to be narrow to not assume that it is a certainty. The argument for globalisation is a strong one, but it is not flawless and riskless.

Because of globalisation multinational companies rely on not only the prosperity of its floor country, but it can be affected by any negative event in most other countries as well. We are living at a lively arcminute of change for the world economy. A moment that allow for be defined by the economic trajectories of three diffe rentiate players; a moment whose outcome al! low for have a stocky and lasting impact on the way we live. late long time have seen a dramatic, unprecedented chemise in the adorn of the global economy. And the catalyst of this transformation designate to create a new economic order that will scarcely jibe that of the last 300 yearsis doubtless the rise of mainland China and India. Both nations, which represent around 37% of the...If you want to specify a full essay, order it on our website: OrderEssay.net

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