The global market is a result of international trade.It is a special sphere of commodity-money relations, which develops between individual countries based on the division of factors of production and labor.
The world market is one of the main categories of the world economy, including a its basic parameters and supplementing it with other significant features, directly related to the mobility of factors of production on an international scale.
concept of the global market is often defined in three ways: from the perspective of macro-economic structure of the international economy;from a position of participating in the international exchange of goods and services entities;from the perspective of political economy.
As the macroeconomic framework of the global economy of the world market is a collection of national markets of individual markets and the integration of economic groups of the country.Inclusion of individual national markets in general is determined by the degree of inclusion of the country in international relations and expressed the common shares in its full extent.
From the standpoint of the world economy entities participating in world trade, the global market economy is a system of international level, including consumers, producers, organizations and intermediaries to ensure the flow of these relationships that form the aggregate supply and demand.
From the standpoint of political economy theory of the world market is a combination of sales and purchases of various goods (services) between the individual subjects of world-class facilities.
formation of the world market is due to the formation and development of commodity production and the international labor market.The main influence on the development of his appearance had a large-scale machine industry.
There are several circumstances explaining.First of all, the pursuit of profit has created the best conditions for the sale of products not only within their own countries, but also beyond.Thus took shape the situation in which international trade and the world market began to virtually identified.In addition, the name of the machine industry has enabled the release of huge quantities of goods for sale, which expanded the boundaries of the solvency of customers, emerging foreign markets.
capacity of the world market began to grow rapidly.The most developed industries rushed to a constant flow of exports.Mass production has led to increased demand for raw materials, which again led to further retraction in the global market not only buyers but also sellers.Gradually formed not only a commodity market, but also world capital markets, the main function of which is the accumulation and redistribution of resources in the form of capital between countries.
The world market was formed as derived from national, state as originally started release of any products for themselves, and only then the excess products went abroad.That is the world market, and there has appeared in the international economy.
main characteristics of the world market are as follows.
capacity - the total supply available on the market at some point.Numerically, it is equal to the volume of total world exports.
MR environment - a real balance of supply and demand, which can be high, low or equilibrium.Environment depends on many factors, but the major impact it has on the general state of the international economy (growth - recession - a recession - depression), as well as the status of the individual economies of most developed countries;part of the subjects of the international market (the more of them there are composed of large monopolistic structures, the greater the likelihood of possible monopolization of the market in the future).
