The world economy is a historically established set of national economies. The world economy consists of several stages:
The first stage is the beginning of world trade. It dates back to the 15th century.
The second period begins from the 15th-17th century. stage of the birth of the world economy. Fabrics were brought from Europe to Africa, coffee and sugar were brought from America to Europe.
The third stage starts from the 17th century to the 19th century.
The fourth stage covers the 19th and 20th centuries. At this stage, the machine industry and transport were formed.
The world economy consists of three sectors.
The first sector includes agriculture and mining.
The second sector includes the rural manufacturing industry.
The third sector includes the service sector.
The fourth sector includes technology.
There are agricultural, industrial, post-industrial countries. The agrarian type is common among the less developed countries and this includes agriculture. The post-industrial type is common in developed countries, for example, in France.
69% of the gross world product goes to developed countries, developing countries – 27% and countries with economies in transition – 4.0%.
Stages of development of the world economy
The outbreak of the First World War contributed to the development of new services. Until the 20th century, Europe played a leading role. After the leading role passed to America.
The structure of the world economy
consists of a:
territorial;
industry;
socio-economic;
reproduction;
functional.
currently there is a big difference between developed and developing countries. This difference lies in wages, living conditions, illiteracy, low life expectancy.
The global economy includes:
work force;
Natural resources;
infrastructure and
technology.
The development of the world economy is influenced by the development of technology, the division of labor.
Economically developed countries – Canada, USA, countries of the European Union, New Zealand, Australia, Japan New Zealand. These countries account for about 54% of global GDP. The G7 stand out: Japan, USA, France, Germany, Canada, Italy, UK.
Newly industrialized countries (NIEs): Singapore ,South Korea, Taiwan.
underdeveloped countries – the countries of Africa and Oceania;
Oil exporting countries: North Africa, countries of the Middle East and Venezuela
