World Economy: The Role of Professional Bodies in National Economic Policy Formulation

By Stephen Sunday Sharang

World economy is the economy of all humans of the world, considered as the international exchange of goods and services expressed in monetary units of account. Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries. It is a well-known fact that some countries adjust their gross domestic product (GDP) figures to reflect PPP.This book elucidates how professional bodies can, and do, add social and economic value to nations and pry's into how their role is perceived by the public and those who make policy on behalf of the public. It adopts a priori approach of analysis and draws the conclusion that although professional bodies are faced with major challenges of: -globalization, -environmental stress, -commercial pressures, -information technology and-cultural shifts Thus, forcing the industry to adapt rapidly to change, it nevertheless provides a veritable opportunity to embrace new vistas of opportunity probably to a degree never before envisaged and also enjoined them to broaden their horizon from the mundane and narrow technical issues to being pro-active rather than re-active to broader policy direction of their various national economies and governments.

• Format: Paperback
• Language: English
• ISBN: B086PPHQHN
• ISBN13: 9798633128680
• Release Date: April 2020
• Publisher: Independently Published
• Length: 130 Pages
• Weight: 0.53 lbs.
• Dimensions: 0.3" x 7.0" x 10.0"