Prospecting the Modern Trends of the Global Economy
Abstract
This study aims to identify the most important factors affecting the global economy and to view the features of the contemporary economic environment as well as highlighting the dimensions and backgrounds of the modern trend of the global economy.
The study concluded that there are many technological, social and cultural factors that have contributed to the shaping of the modern global economy. These developments are clearly reflected in time, scope and impact systems, and have led to very high rates of exchange, growth and integration. As well as it accelerated the need for more interdependence between nations and peoples, and witch resulting in the emergence of new forms of interaction and variation in levels of response to developments in environmental variables. Current data indicate that the global economy is moving towards more dynamic and interrelated components, more emphasis on environmental and social issues, innovation, quality, governance, etc., which makes the essence of the modern economy integrative and multidimensional.
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