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L2_contemporary world.docx - L2. Learning Activity 1. The...

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L2. Learning Activity1. The global and world economy are two terms that is considered together as one economicsystem to all economies of the world, these terms are used interchangeably. The global economyis about how countries’ economy were intertwined as a part the whole. It also refers to the freemovements of the goods, capital, technology, services and etc. Global economy is measuredseparately from national economies. While world economy is the combined or accumulatedmeasurement of separate countries. This two terms have a very loose difference, but the way theydiffer from each other is on how are they were measured.2. The importance of International Financial Institution to the countries of the world is the role itprovide in supporting or advising national governments in their economic projects and
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