Brexit latest. UK Election called for 12th December.Read more
While globalisation has led to the convergence of more developed economies, many argue that the welfare gap between the more and less developed economies is growing. 'Global economics' looks at how trade has shaped the global economy and considers the costs and benefits of free trade - it also provides an analysis of the major problems facing the global economy in the 21st Century, and provides an analysis of the financial crisis and the rise of powerful trading blocs. Globalisation has, however, enabled powerful multinationals to avoid taxes by employing complex tax systems. The implications of Brexit for the global economy are also considered.
Liberalisation - two opposing forces have shaped the pattern of world trade over the last 200 years - the promotion of free trade and protection against free trade. Trade liberalisation is the process of making trade free from such barriers. More...
Go to: Why do countries trade?
UK economy contracts by 0.2% in 2nd quarter of 2019.Read more
Regulators find leading model agencies guilty of price fixing.Read more
Costs and benefits of customs unions.Read more
Savings ratio falls to lowest level on record.Read more