Economics
In terms of the Global economy, the world community is seen by some economists as an inter-dependent system of goods and services with semi-permeable boundaries and flexible sets of import/export rules. Proponents of Globalization may tend to establish or impose more rigidity to this framework. Controversy has arisen as to whether this paradigm will strengthen or weaken the world as a community. See World Trade Organization
Read more about this topic: World Community
Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.”
—George Steiner (b. 1929)