World Community - Economics

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 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)

    Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
    Paula Nelson (b. 1945)

    I am not prepared to accept the economics of a housewife.
    Jacques Chirac (b. 1932)