The international economy refers to the global system of trade, finance, and production that connects countries and regions around the world. It is characterized by the flow of goods, services, capital, and labor across national borders, as well as the rules and institutions that govern these flows. The international economy is shaped by a complex web of factors, including technological advances, government policies, cultural norms, and geopolitical relationships. Changes in any one of these factors can have far-reaching impacts on the global economy, making it a dynamic and constantly evolving system. As such, understanding the international economy is essential for businesses, policymakers, and individuals alike who wish to navigate the complexities of global trade and investment.
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