![]() ![]() These economic activities can have either a positive or negative impact on the countries involved. ![]() The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. So what exactly is the global economy, how does it function, and how does it affect our lives? Here we take a closer look to help you understand the complexities of the force that governs the modern world! What is a global economy? As we’ve seen on occasions over the last century, too great a fluctuation in this international economic system can lead to a global economic crisis. These changes have repercussions that not only affect the flow of goods and services between countries, but also the movement of people. The global economy has changed significantly over the past few decades, in the way that it is organised and governed by collaborating nations.
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