Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of

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Rainbow [258]

2 years ago

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Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of

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Business

1 answer:

Digiron [165] · Answer 1 · 2023-11-22T21:01:17+03:00

The creation of "Worldwide Products"—items with a global focus—results from the outsourcing of productive tasks to various providers.

<h3>What are Worldwide Products?</h3>

The aggregate gross national income of all the nations in the globe is known as the gross world product (GWP).Because imports and exports are exactly balanced when looking at the entire planet, this also equals the total global GDP. The nominal GWP in 2013 was around 75.59 trillion US dollars, according to the World Bank. The GWP was around $80.27 trillion in nominal terms and was over 127.8 trillion international dollars in terms of purchasing power parity in 2017, according to the CIA's World Factbook (PPP).

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