Investigation and analysis of profit and loss of globalized economy

The world has been entered into a new era by technological and political evolutions, which quick reduction in intervals and spatial distance, increasingly merging of economical, social and political systems of the world and also stunning growth in production and consumption have come to be considered for its outstanding characteristic. Production, distribution and consumption processes have been changed by these evolutions, and economical and political structures and social relations have been subjected to fundamental changes. The most important aspects of globalization are expanding and deepening interdependence between countries and national economics, integration of national markets and increasing in trades, removing of trade supporting regulations and development of world trade organization. The world economic union's activities of international companies and international economic institutions and IMF form these aspects. Transmission of capitals and funds and certainly labor division in international level will be expanded by removing of many possible trading barriers and with the emerging of globalization of economy which in turn, leads to improved efficiency of international economy. In this paper, we are addressing questions such as, what is global economy? What parts are included? And effects of globalization.

international trade, international finance, globalization, effects of globalization