Global Economic Forces

Definition

Global economic forces refer to factors such as international trade, multinational corporations, global financial markets, and economic interdependence between countries that shape domestic policies and economies.

Related terms

Globalization:

The increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas.

Transnational Corporations: Large companies that operate in multiple countries and have production facilities or branches around the world.

World Trade Organization (WTO):

An international organization that deals with global rules of trade between nations, aiming to ensure fair competition and promote economic growth.