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General Theory of World EconomicsZhang binDepartment of Economics School of Business and ManagementDonghua UniversityGeneral Introduction to the Course1. The Concept of World Economics(1)The “Total-sum” Definition 世界经济是各国国民经济的总和。 世界经济是在社会发展到一定阶段形成的处于复杂的相互作用和相互依存关系的各国经济的总和。(2)The “Market” Definition 世界经济就是世界市场。(3)The “World System” DefinitionWorld economy refers to all trade relations and movements of capital between geographical units. It can be understood as a system of rules, organizations and institutions that regulate world economic relations. It can also be understood as a competitive
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