1 | P a g e

ECONOMICS (ROUGH DRAFT)

BY-SUDHAKAR MISHRA
ROLL-970
B.A.LLB
TOPIC- Will Global Economy Gain Momentum
INTRODUCTION
The citizen who seeks to understand the global economy is faced with a
bewildering variety of scientific theories which purport to explain it. The
phenomena to be explained are often painful: for example, the diminishing
number of union jobs with benefits in New York, apparently due to competition
with low-wage labor in places like Indonesia and Mexico, the loss of high
technology jobs in Massachusetts due to high technology imports from Japan,
the stagnation of economies like Haiti and the Dominican Republic with rates of
unemployment near 50%. The effects on global politics are profound: they
include the rise of the power of China and Southeast Asia, and the
corresponding decline of the power of the West. Indirect effects to which global
trading patterns are thought to contribute as causal factors are even more
profound: the burning of the jungles of Brazil; the breakdown of the social order
in Somalia, along the coast of West Africa, and in other regions; unstable
families, violence, drugs, and mental depression; and the worldwide penetration
of American popular culture, accompanied by the worldwide revival of
religious fundamentalism as traditional cultures fight back against materialistic
individualism.
Today people throughout the world are aware that they depend for their daily
bread on something called "the economy," and they are aware that they are
vulnerable because "the economy" is vulnerable. People are aware that their
local economies are somehow inserted in international trading patterns, and that
what happens to them personally in their daily lives is affected by distant
commerce. I would argue, however, that in spite of such widespread and
growing awareness, the importance of the global market for contemporary
society is often underestimated.


2 | P a g e

AIM AND OBJECTIVE
My aim and objective through this project is:
To understand the global economy
To find out the present status of global economy
To find out what could be the future of global economy
METHODOLOGY
The researcher is inclined to doctrinal method of research, in which helps from
different books, text, journal, magazine, internet etc. will be taken.
CHAPTERIZATION
1. INTRODUCTION
2. GLOBAL FINANCIAL SYSTEM
3. PRESENT STATUS OF GLOBAL ECONOMY
4. FUTURE PREDICTION OF GLOBAL ECONOMY
5. CONCLUSION
BIBLIOGRAPHY