Global Economic Imbalances and Demographic Shifts
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Economic Globalization and Major Institutions
International trade has grown significantly, leading to new production organization models, intensified international financial flows, and increased trade agreements between countries.
Key International Institutions
- World Bank: Aims to reduce poverty.
- IMF (International Monetary Fund): Advises governments on financial matters and provides loans to member countries.
Centers of the World Economy
Major Economic Powers
- United States: Represents over 20% of total world production. The US dollar remains the most important global currency.
- European Union: Stands as a leading economic power, though behind the United States in several aspects.
- East and Southeast Asia: Japan remains a wealthy nation. China has emerged