Global economy means economy that is free from all restrictions and boundations etc. It can be correlated with the concept of ‘Global Village’- The world is being changed in like a village. Production, consumption, trade, business are being performed same as being performed in a village. Therefore, there must be no taxes, no import-export, no trade barriers which can prevent the flow of goods, capital, labor etc. Economics of all nations of the world should be inter-connected very well. Global economy should prevail its true meaning that is “Free Flow” of products/goods, capital, finance, labor.

KEYWORDS:  Global economy, Global Village, capital, finance, Free Flow.