The World Economy is a broad subject which we can say is an economy of Global World including the countries all over the world. Every country has their own economy which they run in their own method, but there are several factors which can affect the growth of any individual economy. One of the most important factors which affect any economic growth is a world economy.
The World Economy is also can be described as a World Economic Global Society. Countries from all over the world are the member of the different Global Economic Forums & the Associations and actively participated in these groups. These groups regularly monitor each and individuals' economy and prepare detailed economic data because any deviation or variation in any economy can be harmful to other countries. Sometimes some fund or financial aid is required to bail out any economic crises. At that time, these groups can support these countries by some package.
The economy of any country can be measured as per their GDP and per capita income data. United States of America have recorded the highest per capita income and GDP data. Clearly they are the leaders of the world economy. For the last many decades, United States of America (USA) run the world economy and their presence can affect the world’s major financial decisions. In other words, we can say that the world economy is a tale of major financially strong countries mainly USA and European countries like Britain, Germany, France, Italy etc. There are some other fast growing countries mainly from Asia and South America like and India, Brazil, China, Japan, South Korea etc. who is now becoming the fastest growing and improving economic country.
As per the data of 2011, United States of America, China, Japan, Germany, France, The United Kingdom, Brazil and Italy are the countries whose GDP is more than $ 2 trillion. On the other hand, there is a list of countries whose GDP (PPP) is $ 2 trillion are the United States of America, China, Japan, India, Germany, Russia, The United Kingdom, Brazil and France. Around three decades ago, USSR is behind the USA in the world financial power, but now Japan and China have taken over
The World Economy is also can be described as a World Economic Global Society. Countries from all over the world are the member of the different Global Economic Forums & the Associations and actively participated in these groups. These groups regularly monitor each and individuals' economy and prepare detailed economic data because any deviation or variation in any economy can be harmful to other countries. Sometimes some fund or financial aid is required to bail out any economic crises. At that time, these groups can support these countries by some package.
The economy of any country can be measured as per their GDP and per capita income data. United States of America have recorded the highest per capita income and GDP data. Clearly they are the leaders of the world economy. For the last many decades, United States of America (USA) run the world economy and their presence can affect the world’s major financial decisions. In other words, we can say that the world economy is a tale of major financially strong countries mainly USA and European countries like Britain, Germany, France, Italy etc. There are some other fast growing countries mainly from Asia and South America like and India, Brazil, China, Japan, South Korea etc. who is now becoming the fastest growing and improving economic country.
As per the data of 2011, United States of America, China, Japan, Germany, France, The United Kingdom, Brazil and Italy are the countries whose GDP is more than $ 2 trillion. On the other hand, there is a list of countries whose GDP (PPP) is $ 2 trillion are the United States of America, China, Japan, India, Germany, Russia, The United Kingdom, Brazil and France. Around three decades ago, USSR is behind the USA in the world financial power, but now Japan and China have taken over
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