Maailmmajandus

Maailmmajandus (English: World Economy) refers to the global economic system that encompasses the interconnected economies of countries worldwide. It includes the production, distribution, and consumption of goods and services across national borders. The world economy is influenced by various factors such as international trade, investment flows, technological advancements, geopolitical relations, and macroeconomic policies.

The development of the world economy has accelerated significantly since the late 20th century, driven by globalization, increased capital mobility, and technological innovations. International organizations like the International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO) play vital roles in facilitating economic stability, development, and liberalized trade policies.

Economic activity within the world economy is often analyzed through indicators such as Gross Domestic Product (GDP), trade volumes, and employment rates. The largest economies include the United States, China, Japan, Germany, and India, which collectively exert substantial influence over global markets.

Global economic challenges include income inequality, inflation, financial crises, and environmental sustainability. The COVID-19 pandemic, for example, caused significant disruptions in supply chains, reduced consumer demand, and led to economic contractions worldwide. Efforts to promote sustainable growth and economic resilience are ongoing, emphasizing cooperation among nations.

Overall, the maalimmajandus is a complex, dynamic system that reflects the economic interdependence of nations and impacts the standard of living, development, and geopolitical stability worldwide.