What are the primary drivers of the international economy?

Key drivers include international trade, global financial flows, technological advancements, geopolitical events, and the economic policies of major nations and blocs.

How does global trade impact national economies?

Global trade fosters economic growth by increasing market access, promoting specialization, lowering costs, and encouraging innovation, though it can also lead to job displacement in specific sectors.

What role do international financial institutions play?

Organizations like the IMF and World Bank provide financial stability, development assistance, policy advice, and facilitate cooperation to address global economic challenges and reduce poverty.

What are some current major challenges facing the international economy?

Current challenges include inflation, supply chain disruptions, geopolitical conflicts, climate change impacts, rising public debt, and the need for sustainable economic growth.