Hello Ernestine,
Thank you for your question. We are sure that like you,
many people are also tired of all the Global Economy stuff. The truth is that leaders cannot just focus on their respective
economies even if they want to. National economies have become very much interdependent. Nonetheless, the primary
economic focus of any good national leader is usually his or her country's economy. But this focus must always take into account
the economic interdependence among nations. Some countries are more interdependent than others. One way to keep all the global
economy stuff in proper perspective is to sift out only the fundamental concepts.
All economic issues spring
from this fundamental question: do you have money? The you
can be individuals, businesses, cities, counties, states or nations. The money is basically
net income ( for businesses, net income is income - expenses -taxes). The reason you see all these world politicians gathering and talking about global economy
is because these days income comes from various places: near and far. For example, some countries' income
depend on tourists from other countries; some countries have to sell oil or other commodities to other countries to get income;
multinational companies are generating income all over the world;
|
