The 'global economy' describes the inevitable process of increasing integration between different economies to create a worldwide global village. This not only means that international influences may have a large impact on aspects of economic activity, but because of this interrelation, synchronization between economies may also occur. This has been clearly illustrated by recent trends, particularly after the September 11th terrorist attacks, when the world's largest economy dubbed the "growth engine" United States experienced a …
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showed last 75 words of 2217 total
…blip 28/10/03RBA talks up US-led global recovery 23/10/03US70c a danger sign for earnings 11/10/03Heads on the bloc 12/10/03IMF finds $32bn for defaulter Argentina 12/9/03Employment surges, but rates to follow World Tibet Network News - cited 24/10/03 www.tibet.ca/wtnarchive/2003/10/24_5.html Australia in the Global Economy - 2004 Edition Tim Dixon and John O'Mahony Session One - The LIFTIT-BINIT Strategy - Leading Edge Education Plain English Economics - Globalisation - Topic Paper No. 8 (2003) By Angela Choi