World economy, what do you think?

[setialovers]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

In a country's economy, it must be connected and correlated with the economy of another country. Every country cannot meet its own needs and every country must export or import goods to balance prices. In the era of globalization, a country's economy cannot stand alone, it needs to have relations with other countries both regionally and internationally

[Schirer]

Actually, I really admire the Chinese economy and the Chinese themselves, since they are practically a phenomenal country.  Of course you can talk in a large number of billionaires in the country, because they earned their money by legal means, and not by thefts from the state budget.  In addition, we all know what punishment fraudsters and corrupt officials have in China.

They ahev different type of economy yes, but it doe snot mean that it is positive.

1. They are prompting up their economy with constantly building staff, they have countless ghost cities. They are empty nd wont be filled because people do not have money to buy the new apartments. Meanwhile huge part of population live in poverty.

2. They are running out of things to build in their own country , they are doing something very risky in economical terms- they are pouring money in other countries to build staff just to prompt up their own economy.

3. There are a lot of talk about their economical growth numbers, that they are heavily faked.

About Chinese Billionares - you can not be more WRONG. There is a lot of corruption in China. The wealth is very centralized , there are whistle-blowers who are very wealthy and who live abroad who are telling the story of Chinese corrupt officials.

[Muffinmanlet]

It has a huuuuge impact. Countries with comparative advantages and/or excess supplies of some goods or resources can now sell those to other countries and earn a profit which they otherwise could not -- and obviously this is a win for the receiving countries as well. The world economy in total gains a ton on this.

[spike420211]

In the most direct way. And I can’t say that I like it. I’m talking about sanctions that countries like the United States take, with regard to countries whose policies they don’t like.
The fact is that all decisions are made by politicians, and ordinary people suffer for these decisions.

[Pab]

World is entering in kind of crisis and by my opinion in turning point
One think is economy and economic data yet another is shift from old industrial world to new technology world.Shift from coal to more green resources
Turning point what begin now is the end of US dollar dominance
India agree to trade with India with Rubel
Russia trade with China with Yuan Germany is trading with China with Euro
Dollar is losing his dominance.More countries want to be free from USA dominance dollar and payments systems.I see 2024 like a final year when dollar dominance will end
So now all that trade war Iran vs USA tensions etc are in fact reflections of USA effort to keep dollar dominance
It is very dangerous time because we are even entering in new nuclear cold war time

[hahay]

Maybe it will be fine as long as they continue to be fair, meaning that we know that a country that has any supply that is abundant and with international relations will benefit between them. This is not about the jealousy of rich and poor countries, but this has indeed become something of a world economic cycle and at least they can be peaceful as long as their needs are all met for each country.

[bryant.coleman]

For sure, world economy gonna crash big time and it might be the biggest crash ever the mankind have ever experienced.
Bitcoin and gold will play a vital role in this economic crisis and this time all the money will flow in bitcoin and gold.

Gold prices have risen by at least 30% during the past 12 months. Bitcoin prices are up almost 300%. But even now, the Bitcoin market capitalization is only around 3% of that of gold. Being a crypto user, I need to admit that gold is going to be the asset that will be used to store wealth in case a major market crash occurs. I won't be surprised if the gold prices climb to as much as $5,000 per oz from the current levels of $1,500 per oz.

Central banks around the world are accumulating gold at a rapid pace (especially those in China and Russia), while individual investors are also increasingly selling their other assets (such as treasury bonds) to purchase either physical or paper gold. I hope that Bitcoin will also benefit from this, in case gold prices climb very quickly gets too expensive.

[Layers318]

Now, digital currencies are taking over the world economy due to convenience. Digital currencies be it cryptocurrency, paypal, credit card, etc offer much convenience especially when it comes to handling and traveling with huge sums of money and also purchasing items and services online. In the near future, cryptocurrency will dominate because the Blockchain will help companies and businesses to keep track on all transactions with the help of the digital ledger feature.

[DaveITN]

Someone i know said that there is a big recession coming.  I don't know what to believe really. I don't WANT it to happen but what I WANT and what really happens are two different things.  Maybe this "trade war" is just the start of it. also there are generational and demographic trends that don't look good in some major economies such as China and Japan. 

Bitcoin and crypto in general can perhaps be a safe haven or help to make the world economy much more efficient. I hope so.

Overall I have a positive mind, but I hear a lot of negativity from those around me.

[spike420211]

I think about it all the time. I don’t understand why the heads of all countries behave so barbarously. If humanity is so many years old, then it seems to me speculation, then how slowly it develops in interpersonal relationships. There are still wars, trade wars, endless sanctions that affect the lives of ordinary people who are not even interested.

[breathlessz]

I think about it all the time. I don’t understand why the heads of all countries behave so barbarously. If humanity is so many years old, then it seems to me speculation, then how slowly it develops in interpersonal relationships. There are still wars, trade wars, endless sanctions that affect the lives of ordinary people who are not even interested.

I think things like that will still exist until later. every country certainly wants to be advanced, and after becoming advanced they want to rule the world with their trade products, so that every country depends on it to meet their daily needs. not only in terms of my economy, over time other sectors would want to be superior

[rose9696]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

International relations are essential at this stage of economic growth. countries need trade organizations to get benefits when exporting or importing.
Besides, there are also possible conflicts like the US and China. Both countries are in difficult times and people face many business events.
This in turn will lead to a decrease in GDP and a series of effects on prices of products.

[Greed Dev]

All nations influence each other and affect each other's economies, an agricultural country will provide food for an industrialized nation and vice versa. Countries close to each other often have close relationships with each other to ease trade transactions and boost the economy even though they do not have a good relationship. With the recent globalization, I think cryptocurrencies will have a chance to grow and expand.
Hopefully in the future, cryptocurrencies will be legally nationwide to promote the economy.

[snakey]

United States 24.4%
China 15.4%

Both above are the two major contributors to World economy. As the trade war has already started the entropy is just going to increase the money is going to be poured globally much much more than ever before. This trade competition will just bring a positive growth in world's economy.

[micher143]

United States 24.4%
China 15.4%

Both above are the two major contributors to World economy. As the trade war has already started the entropy is just going to increase the money is going to be poured globally much much more than ever before. This trade competition will just bring a positive growth in world's economy.

Wow this is actually cool, US is still number one regarding money, so I think that's why they have several space mission. I am just wondering are they still no.1 regarding cryptocurrency holdings? I think when it regards to crypto the no.1 is the China because of the population and almost all of them are investors haha.

[teosanru]

United States 24.4%
China 15.4%

Both above are the two major contributors to World economy. As the trade war has already started the entropy is just going to increase the money is going to be poured globally much much more than ever before. This trade competition will just bring a positive growth in world's economy.

Wow this is actually cool, US is still number one regarding money, so I think that's why they have several space mission. I am just wondering are they still no.1 regarding cryptocurrency holdings? I think when it regards to crypto the no.1 is the China because of the population and almost all of them are investors haha.

Excellent infographic! Clearly depicts the increasing dominance of Asia in the world economy once again. We all know that how asia used to dominate the whole world in 1600s and now once again countries called the third world countries like India China are now growing once again into power. These countries have long lived on the outsourced work by the western countries but now India's make in India and China's own production plans have increased their Economic growth alot. So in future world economy would become more inclined towards Asia with increasing dominance of China, Japan, Korea, India & UAE.

[plast555]

United States 24.4%
China 15.4%

Both above are the two major contributors to World economy. As the trade war has already started the entropy is just going to increase the money is going to be poured globally much much more than ever before. This trade competition will just bring a positive growth in world's economy.

snip

Thanks for sharing. It seems that between America and China is slowly closing. Ten years from now, we can see absolute Chinese domination.
But another reason for the current American-Chinese trade wars seems to be this gap, and it is clear that America is uneasy about it.

[Pab]

If there are good healthy relations between nations there is also better chance for prospering economies
Any kind of tensions ,conflicts etc are hurting economies
Best example is current trade war between USA and China
Not only both countries economies can suffer from that kind of situation but also any other nations economies

[Brunus]

If I could predict anything about the global economy, I would probably take the Nobel Prize and become a millionaire.
It is true that the forces at stake are practically unknown, all that is seen is only an electoral theater for an ignorant public.

[randegibran]

I have suggestion for bitcoin investor talking about how advantage of bitcoin to the world economic international forum, I am optimist its the best way how to make bitcoin accepted in world economy.