Explore BrainMass
Share

Global Economy: Problems and Solutions

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Business organization, methods, strategies and practices have evolved over centuries. Generally, innovations are introduced to address problems or difficulties not solved by current practice. What are some problems in the current way the global economy is functioning that need to be solved, and perhaps, only through innovations?

© BrainMass Inc. brainmass.com October 25, 2018, 9:21 am ad1c9bdddf
https://brainmass.com/economics/international-policies/571120

Solution Preview

There are some problems the way global economy functions that can be solved only through innovations. The first problem is unbridled deficit spending by countries that distort the economy. The indiscriminate printing of currency leads to inflation. The next problem is that differences in wage laws among countries increases costs. There is a problem evaluating the currency of a country as there is no gold standard. This leads to harmful foreign exchange rate fluctuations. There are economic threats being leveled at countries and economic/trade embargoes that debilitate the economy of victim countries. The scale and scope of global competition is so high that the effects are disastrous for competitors. Important problems related to global economy are environmental degradation, energy shortage, and poverty. Global corporations ...

Solution Summary

Global Economic problems are explained in a structured manner in this response. The answer includes references used.

$2.19
See Also This Related BrainMass Solution

Critical Issues In Human Resources

How can you assess critical issues in HR of planned or unplanned change?

How does it effect global and economic changes?

How does if effect political, legal and social changes in virtual organizations and e-business and technology?

Please give some examples of how these issues are done and if any references please cite so that I may reference the materials.

View Full Posting Details