The Global Economy and Its Impact

The Global Economy and its impact To talk about the economy, I want to introduce the political factor of economy in the world, it is one of the most important part of global economy. There are many It is based on economies of all of the world's countries, national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies, making the global one. It can be evaluated in various kind of ways. For instance, depending on the model used, the valuation that is arrived at can be represented in a certain currency, such as 2006 US dollars. "Economy Impact of the World Economy." Impact of the World Economy. N.p., n.d. Web. 26 Feb. 2013. The impact of global economy is tremendous. It helps us greatly in various areas like Forests industry; fishery industry; service industry; manufacturing industry and so on. All of these above extremely helps the regions and the countries in the world entered a new age of rapid economic and wealth development. Nevertheless, there is still some problems that we have suffered from the global economy. We can notice that with the high development that we gained, what we lose is the precious and limited resources in the world. For instance, the global oil reserves can be only used for several decades because the industrial revolution and the rapid development of automobile industry. More than that, we are also polluting the global environment by using the it. Next, I'd like to introduce the thesis particularly is the contents as following: First of all, What I want to introduce the Global Economy first is the World Trade Organization( WTO). It's a extremely critical step to establish the global economy. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations