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10 cards from this deck
National economies deeply interconnected
Integration between countries and economies
Changes in one country affecting multiple nations
Sum of total output by all economies worldwide
Often exceeds 50% of annual economic output
Trade, financial flows, investment, tech/transport, workers
Low trade growth, increased restrictions, rising tensions
Reforming globalisation to work better, managing challenges
Trade 12x, GWP 9x - trade grew faster than output
1990: 19% of GWP; 2022: 29% of GWP
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