This section has been designed to provide background information about
different aspects of various economics.
This section includes articles related to different
types of economic systems, as
well as a number of contemporary issues influencing the world economy, the
distribution of economic powers, the issue of globalization, and other topics
of interest.
While different types of economies prevail in
certain regions of the world, these economies may illustrate many similarities,
as well as differences, depending on the specific example.
A fuel economy
for instance, is dominated by the international demand for crude oil and
gasoline, while a command economy is a market system that is heavily regulated
by the government.
These articles also provide information about the
open economy - where no obstruction is imposed on trade or
commerce, investment or other financial activities.
Other topics are discussed in this section include
the traditional economy, barter economy, bubble economy, and the service
economy.
Issues that are selected for this section are related
to particular economies, but at the same time these issues are also dominating
the global economy. Some of these important issues include crises such as the
global credit crunch, renewed fears about inflation and its effect on world
economies, the downfall of the US housing market, major sporting events such as
the Olympics and their economic impact, and world economies in general.
Other featured articles focus on the growth of China
and India, with a special emphasis on the different challenges faced by these
emerging markets.
Globalization and its impact on developing economies
is also discussed in this section, while more information is contained in the
country-specific sections that focus on the economic development of each
country.
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