
The success of one's business hinges on how he/she understands and interprets global economic trends. How he/she manages risks and opportunities in international markets will affect his/her revenue flows and cost structure. Knowing just one side of the economy status is not enough, we have to be familiar with the global economic structure, because globalization has caused significant changes to many cities in terms of their economy status. The economic flow in the world market affects every existent countries.
The label at the top of the post is taken from Moody's Economy.com. It is a trademark to the World Workstation® - a program designed by the Moody's Economy.com. The purpose of the World Workstation® is to help businessmen to identify and anticipate risks and opportunities in their business with accordance to the global economic structure. It not only tracks global changing market opportunities, but also researches and evaluates one's portfolio investments, allocates one's resources globally, anticipates world commodity consumption trends and analyzes their impact on input costs, and lastly, identifies and develops a global business strategy. As we can see, everything is done according to global figures.
With existence of such a program and company, it tells us much about the works of globalization. The production, distribution, exchange, and consumption of goods and services are revolving around the global market. In short, globalization is significant and necessary to the world's economy. Countries depend on other countries for trades in order to boost their economy status. And with better global connectivity, such as the invention of internet, business is able to conduct internationally and informations on global economic structures and figures are available one click away.
Credits to Moody's Economy.com