Research Paper on:
World Economy Challenges

Unformatted Sample Text from the Research Paper:
business has been increasing dramatically over the past generation. Of course we have had businesses that operated internationally for well over a century; the multinational enterprise is a late  20th century creation. In the past 30 years, the global economy has suffered a worldwide oil crisis (1973-74); learned the realities of efficient manufacturing; adapted to the complications of  highly remote business sites; and dealt with the Asian currency crisis in the late 1990s. The still-emerging world economy ultimately will be managed  online in some manner, whether via the Internet or over a series of intranets. Western Europe has simplified business there with the creation of the monetary union and a  common currency. Shipping is becoming more efficient as increasing numbers of the worlds ports privatize operations and become greatly more efficient. The primary challenges that exist now relate  to still-emerging markets and whether we will give any attention to sustainable development. The Big Emerging Markets  Much of Asia and South America - two of the worlds big emerging markets of past years - have been introduced to the global economy. Singapore stands  as an example of how developing nations "ought" to manage their economic development. That country has provided a roadmap for other developing nations in how they can proceed with  the expectation of increasing citizens standard of living and joining the world economy to become a mature national economy. Singapore officially has been listed by the Organization for Economic  Cooperation and Development (OECD) as a mature economy since the mid-1990s. When it instituted the first of its five-year economic development plans in 1960, its economy was on par