Development of information technology with increased communications has brought individual economies together and made them inter linked. They are now influenced more by each other’s actions and policies. Global market economy today, means a platform where all the economies of the world merge and transactions of goods and services are carried on at the international level.

 When global economies come together, this is also known as globalization which means increasing global connectivity, integration and interdependence between the individual countries’ markets. The increasing integration also covers technological, political, economic, social and cultural spheres of the countries of the world.

Global market economy means widening of horizons for worldwide production markets with companies and consumers having a broader access to wide range of products. Globalization also brings a rise in employment in the developing nations with companies in the developed world outsourcing their functions due to low cost labor available.

Some of the positive effects of globalization are greater constructive relationship of the world cultures and improved standards of living. But such benefits are limited to only a few in the developing countries.

Some global markets like the crude oil market are having a tremendous impact on the world economy. For example, when the crude oil barrel touched almost $55, it resulted in trade deficits in some countries such as India

 Global Financial markets are said to be stable at present after facing economic turmoil in different parts of the world. The flight of capital can be seen progressing  from the developing to the developed world.

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