What is the changing nature of the global economy?
Looking at the world today, there are some changes occurring in relation to globalization.
Slowly but surely, the trade shares of the global market are moving from developed to developing countries.
Foreign Direct Investment is increasing the global economic growth and welfare, since companies in developed countries investing in more optimal locations not only decreases prices for the products in the home country, but increases economic profit in the host country.
The amount of multinational enterprises increases and comes in all forms, both large and small.
Since the fall of the communism, more and more countries have begun working towards more free market economies and democracy.
Given the current free flow of goods, services and capital, it becomes evident that the global economic system as it is today is very favorable to doing international business.