The Changing Economic Conditions of the World

Abstract

The global economic environment is in a state of constant change. All the world’s nations have had to learn how to cope with economic dynamics in order to maintain or raise standards of living for their residents. In terms of competition within the global electronics market, changing macroeconomic conditions have greatly influenced the competitive positions of trading countries. In order to discuss international trade patterns and evaluate the economic performance of electronics industries and companies, we need an overview of the changing economic environment of the world.