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The World Economy
Overview of the world economy

The World economy (world economy) is one of the breaks seen in the perspective of a unified economic activity in the world. Is a broader concept than put a perspective on international economic transactions between the national economy.

Also, sometimes collectively referred to as global markets are linked to international markets in the world economy.
As of today, circumstances have not been integrated economic unit of currency is the basic currency area (in most cases, national economy) will be. However, the development of national economy of the country by the development of international economic globalization is strengthening the linkage. Has been called the world economy that has been linked as a single economic zone as if in this way.

National economic trends around the world economy and do not necessarily coincide. It is a fallacy of composition to occur because it has no more than the world economy wide framework.

As an example, if the trade balance becomes positive and successful effort to a positive trade balance in the country, while the positive balance of trade to all countries, not the world. It is the trade deficit means the country from more of a country's trade surplus with the world.

The world economic growth keep pace with the negligent does not necessarily come out of countries to achieve economic growth than the growth rate of world economy. These countries is expected to attract the world's economic locomotive.

Not from the period between the birth of the commodity economy in the west and east of the Eurasian continent, these economies were tied to each other. East-West trade, which was fine initially and we were gradually expanded.
Temujin identified himself to the evolution of the territory Genghis Khan Mongol Empire Mongol Empire in the year 1206 since 1294 (red) and more areas of the territory of the Empire showed a loose federal system shifted to one area of the state (as of 1294 years). Kipchaks Khanate (yellow), Chagatai Khanate (dark green), Ilkhanate (green), original (purple) is.
Atlantic triangular trade

Period as established a vast territory between the east and west of the Mongolian empire in Eurasia, "Eurasian world" was born in the world economy. Mongol Empire after the fall, the East-West trade flourished in Eurasia.

Age of Discovery after the economy began around the axis is reorganize Europe. Initially, Africa and South Asia to enhance international economic co-movement of the trade network that linked Europe and North and South America, was born the birth sign of the new world economy.

Since the Industrial Revolution, Europe's economic advancement in the mid-19th century, capturing the East began lineage leading to modern world economy. Financial and industrial countries of the world economy that is based on forming a free-market economy under the organically bound to the international financial system with a core of London, England.

The First World War, and the axis of the world economy fall into a crisis center in the world economic growth moved to the United States began to slow the world's largest industrialized countries.

The weak global economic crisis that caused the Great Depression of the chain. National economy is moving to block some countries tried to establish its own economy.

World War II, the world is the axis of the free-market economy in America (the West) to the axis of the socialist economy and the Soviet Union (east side of the world) were divided into two. The two groups competed with each other to acquire the area under the Cold War. In the western world trade is carried out under the Bretton Woods system, Europe and Japan have achieved high economic growth (Japan's high economic growth). Japan is the late 1970s and is now expected to serve as the locomotive of the world.

East around the world until early 1970, but was expected to continue economic development, and then leveling off of growth from a planned economy and inefficiencies are believed to have entered or shrink.

The late 1980s and early 1990s, the world economy following the collapse of the Soviet revolution and Eastern Europe, east, west is absorbed into the world economy without debate, the world economy was born again. In the globalization, and achieve growth and enhance U.S. economic locomotive of the world, Europe and Japan has experienced a relative slowdown.

Production system that supports the import of the American economy in the world economy even now after the terrorist attacks. Deepen the economic interdependence in East Asia and North America in particular, is taking its own economy by establishing a regional free trade economy in Europe.

Highlights
The world economy at the beginning of XXI century