The Global Economy . An Overview. An overview . There are 189 countries belonging to UN with a diverse range of political systems. Holly See, Switzerland, and Palestine have permanent observers to the UN. The World Bank identifies over 200 countries/entities.
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P/C Inc Pop% Output%
The removal of regulatory, economic and political barriers to the movement of goods, services, capital, and labor across national borders, and the establishment of international institutions (and norms and regulations) to govern international economic activities and transaction
$B % Ch $B % Ch
Extra-EU 813.2 20.1 0 944.4 22.3 5
United States 682.5 16.8 -1 800.7 18.9 5
Japan 387.9 9.6 -8 280.5 6.6 -17
China 183.8 4.5 1 140.2 3.3 -2
Korea 132.3 3.3 -3 93.3 2.2 -35
Mexico 117.5 2.9 6 129.0 3.0 14
Singapore 109.9 2.7 -12 101.6 2.4 -23
The technological changes that have taken place in recent years aided by political changes are likely to have resulted in most of these problems. Many of these problems would have occurred with or without globalization. Besides, most of the developments identified as part of the globalization movement have taken place among a handful of countries; they include mostly developed countries, a few newly industrial countries in Asia, China, and a few countries in Latin America.