The world economy is the whole of the international trade relations, which the border of the national economy blows up. It places a world-wide integration of different partial markets (raw material and goods market, financial market, job market and information market). The world economy has itself in 19. Century under the industrialization in an educated manner and depended strongly on the development of the international division of labor, traffic, and communication.

The components of the world economy have themselves in 19. and 20. Century qualitatively and quantitatively changes. The term "bipolar world economy" lifts applied with it, to 19. Century, the meaning of the poles Europe and North America and for that 20. Century those of the poles of the western industrial nations on the one hand and the RGW on the other hand out. "Tripolar world economy" means this under the inclusion of a third pole Eastern Asia, and/or since the 1990er years the core zones North America - Europe - Eastern Asia.

The basic conditions of the world economy are among other things trade agreements, tariff and monetary agreements, European Payments Union, HOLE and OEEC.

The world trade dominated of the industrial nations, in particular the European union with a portion of more than one third. The entire African continent (without the Middle East) reached however a portion of straight 2 to 3 Prozent.Eine increasing role in the world-economical exchange particularly with the cheap goods the Emerging in such a way specified takes market - to all in front the People's Republic of China.

The fair trade understands itself as alternative concept of a world-wide trade on partnership and socialethical basis with producers, who are disadvantaged in the world trade by the prevailing international economic system. Substantial principle of the fair trade is the lastingness.

See also: Bretton Woods system, group of the eight, credits, political economy, dollar, euro, currency, MAY, fair trade, globalization, the borders of growth

Literature

• Tungsten Fischer: Expansion - integration - globalization. Studies for the history of the world economy, Goettingen 1998, ISBN 3-525-35788-5
• Hans Pohl: Departure of the world economy, Stuttgart 1989, ISBN 3-515-05105-8

Articles in category "World economy"

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