Global-Economics-Journals

The world economy or global economy is the economy of all world human beings, known as the foreign trade of goods and services expressed in monetary units of account. In certain cases , the two concepts are separate "economic" or "financial economy" being measured separately and separated from the national economies while the "world economy" is essentially an aggregate of the statistics of the different countries. The definitions, representations, models and valuations of the world economy vary widely beyond the minimum standard regarding value in production, utilization and exchange. That is inseparable from Earth's geography and ecology. It is normal to restrict problems of the world economy solely to human economic activity, and the world economy is usually judged monetarily, except in cases where there is no efficient market to assist in the valuation of such products or services, or in cases where a lack of independent study or governmental collaboration makes it difficult to determine statistics.