Concept information
Preferred term
global economy
Definition
- The global economy refers to the increasing economic interdependence of the countries and regions of the world. The most recent form of the global economy emerged in the 1970s as a result of advancements in information technologies combined with expanding neoliberal, political-economic philosophies and policies. [Source: Encyclopedia of Social Problems; Global Economy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/global_economy
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