How is the world associated with the global economy?

The world is connected to the global economy by a number of factors and for various reasons. The term globalization is often used to discuss this connectivity. In the global economy of the country of the country, they integrate the characteristics of other economies into their own and are becoming increasingly dependent on economic growth. Before 1800, plants and animals were the primary source of food, work, fuel and fibers. Since energy use was defined by how much it could be grown at once, it significantly reduced the production and flow of energy. There was a seemingly unlimited amount from the country itself. This energy was more efficient and had enough space to expand to new technologies. It was also cheaper to use at first. It seemed that it seemed to be a completely positive change, because the soil previously used to create energy could now be liberated to produce food, while cheaper fossil fuels have reduced production and transport costs.

Countries that did not use this new technology were suddenly for those that did it. At the beginning of the 20th century, countries were dominant countries that allegedly controlled 2/3 of the world economy, Britain, the United States, Germany and France. Less economically advantageous countries traded with these stronger countries to obtain part of free flowing capital. This trading in mineral and fossil fuels, as well as the ease of transport and communication, began to combine the world in a way that was previously an unimaginable. Strong countries with small natural resources depended on economically smaller countries to provide the material itself, which makes it primarily powerful.

The

global economy was extended by the end of the 20th century by the emergence of the Internet, reducing business barriers and increased capital investments are foreign interests. The countries traded each other, both from the government level and from individual businesses such as banks and financial institutions. The Internet also made a majorityEasy trading on foreign exchanges.

At the beginning of the 21st century, the global economy was connected through the main flows of capital. Goods and services could be exported and imported. The work was exported to countries that could offer more competitive production costs or imported by migration. Capital was invested through investment in the global stock market or through debts.

There is a big debate on the positive and negative impacts of the global economy. Those who support globalization claim to spread wealth to all and support competition and have improved production. Those who are anti-globalists say that it causes physical damage to the environment and has high human costs such as unemployment and poverty. The future has to prove which party is correct.