This chapter offers a survey of the global economy. It begins with a review of the way in which economies are measured, compared, and understood. It then looks at the changing global economic landscape, assessing the changing balance of the North and the South, the debate over development, the European Union, the emergence of the BRICs, and the effects of the 2007–9 global financial crisis. The chapter goes on to discuss the global financial regime before contrasting the effects of wealth and poverty, and reviewing some of the ways in which global poverty and inequality are being addressed or overlooked.
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