The global economy has a big effect on national economies in different ways. Here are some key points:
Trade: In 2021, countries traded about $19.5 trillion worth of goods and services. This trade affects what is available in local markets.
Investment: In 2020, Foreign Direct Investment (FDI) hit $1.58 trillion. This means that money from other countries helps businesses in our own country to grow.
Job Creation: Big international companies create many jobs. For example, global companies helped create over 15 million jobs in the U.S.!
Economic Policies: Countries often change their rules because of what’s happening in the global economy. In fact, about 85% of countries have updated their regulations due to these changes.
Technology Sharing: Globalization helps us share technology. In 2021, there were over 1.3 million people in high-tech jobs who benefited from working with others around the world.
The global economy has a big effect on national economies in different ways. Here are some key points:
Trade: In 2021, countries traded about $19.5 trillion worth of goods and services. This trade affects what is available in local markets.
Investment: In 2020, Foreign Direct Investment (FDI) hit $1.58 trillion. This means that money from other countries helps businesses in our own country to grow.
Job Creation: Big international companies create many jobs. For example, global companies helped create over 15 million jobs in the U.S.!
Economic Policies: Countries often change their rules because of what’s happening in the global economy. In fact, about 85% of countries have updated their regulations due to these changes.
Technology Sharing: Globalization helps us share technology. In 2021, there were over 1.3 million people in high-tech jobs who benefited from working with others around the world.