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How has global economy changed throughout the recent decade?

Posted by Ruben Wells on 2 years ago


The overall focus of the world’s economy in developed countries has shifted from agriculture and manufacture to providing services. The outcomes of the crisis of 2008 can still be noticed here and there; low investments, below-potential growth perspectives, the absence of significant productivity - these, as well as other shortcomings, can be considered the aftermath of the crisis. As the economy globalization increased, so did its fragilityб due to enhanced economic cross-border interconnections between markets and countries. The main driving force of the global economy now is capital, not trade, which adds certain risks (due to its unpredictability) to the worldwide economic processes.
Answered by valevale  on Apr 26, 2016
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