"What is the new global economy"?

Answer 1

The new global economy refers to the idea that the world is now more connected than it has been at any point in the past. For instance, individuals can now wire money and purchase equities in other markets faster and more efficiently than any time in the past. There are very few economies which are closed anymore. Nearly all countries take part in international trade. Thus, the economy is now moving towards one in which the entire world functions as the market, instead of just a single country.