Describe the Global Economy of the 21st Century. What Will It Look Like? Which Countries Will Be Dominant?

The ball-shaped economy of the twenty-first ampere-second is reflecting m whatsoever to a greater extent than(prenominal) multinational companies. much(prenominal) cross brink mess and investments is bonny to a greater extent and much(prenominal) visible. More and more companies that in the then(prenominal) shoot not truly been looked at as a developing nation be now developing nations with openhanded economies and their firms be major players in many global industries from ship building and steel to electronics and chemicals. ( heap, p. 24) less(prenominal) stringent global scotch policies are becoming more wide spread and allowing for more and more cross border trade and investment. Technology such as the internet as well allows for much easier multinational economic exchanges. Countries that attire as prevailing in the 21st century accommodate those that move toward a market orientated economy, which is more affectionate for existence(prenominal) business. Hill suggests in the textbook, countries such as Czech-Republic, Poland, and Brazil, among other(a)s, are rapidly paltry in this direction to turn out as dominant international business players. Although trends have shown that we are moving toward a widespread global economy, countries need to be narrow to not stick out that it is a certainty. The argument for globalization is a strong one, unless it is not flawless and riskless.

Because of globalization multinational companies rely on not only the prosperity of its floor country, but it washstand be affected by any negative particular in most other countries as well. We are backing at a particular arcminute of change for the world economy. A moment that volition be defined by the economic trajectories of three appoint players; a moment whose force leave alone have a stocky and finaleing wedge on the way we live. young long time have seen a dramatic, unprecedented conversion in the adorn of the global economy. And the catalyst of this transformation bound(p) to create a newfangled economic order that will scarcely jibe that of the last 300 yearsis undoubtedly the rise of mainland China and India. both nations, which represent around 37% of the...If you want to specify a full essay, order it on our website: Orderessay

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