Analyzing Factors Shaping the World Economy

Analyzing Factors Shaping the World Economy

Finance

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The world economy is influenced by both economic and no-economic factors (Schumpeter, 2017), and therefore there is a need to keep a check on all the aspects that may affect the growth of the economy. Various non-economic factors are responsible for the increase or the fall of the economy of different countries around the globe. Some of these factors include; war, corruption, political instability, technology, government laws and regulations, education as well as innovations and training.

War is one of the factors that lead to the decline of peace within a nation or even the overall world peace and…