An economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of goods and services. Thus, it corresponds to the organized way a society provides for the wants and needs of its people.
In a global context, there are different economic systems in each country with similarities and differences which should entail to a study of each. Every society has their own wants and needs, some similar and others totally different.
Globalization has opened domestic markets and people's eyes to a new way of life. It has triggered a leveling of the standard way of living, individual goals and also rules in the international trade.
Thus the former economic geography does not exist anymore. The question is: what does this change in the global organization imply?
In the first section of this document, I shall develop the definitions and stakes related to the different world organizations transformed by such a change. Then I will explain the implications of the new economic geography.
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