Importance of Global economy.
Global economy as the word suggests, is related to globe, it’s the world economy. It is because of globalization that various countries come together and are engaged in trade and industry, thus making International trade easier.
The developments of global economy plays a vital role in financial arena in the United States. The US economy is one of the largest economy in the world. It is because of global economy that the modern industrialization world is developing and prospering. Thus it is important for the countries of the world to participate in global economy so that the flow of resources keeps increasing and expanding.
After world war 1, writers like Henry James felt that words such as “glory”, ”honor”, and “courage” took on a more negative connotation.
