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Essay / Careers of a Foreign Service Officer - 1259
This field covers international trade and the impact of globalization. They also examine global financial markets and exchange rates. Economics is essential not only for economic culture but also for the formulation of public policies (Davis, 3). “The increase in the analytical and statistical sophistication of the profession has been accompanied by a growing acceptance that economics must be analyzed as a ‘complex system’ rather than as a simple, highly complex system” (Colander, 3 ). International economists examine how economics influences the interdependent nature of the world. By evaluating the markets, businesses, and unions that continually affect the international arena, economists develop a strong ability to objectively analyze the role of economics on political and social levels. The economy and world affairs are undoubtedly linked. Economists analyze the importance of economics in global conflict and stabilization. They also study historical trends and use them to make predictions. They research and analyze data using a variety of software programs, including spreadsheets, statistical analysis, and database management programs. Nearly half of all economists work in federal, state, and local governments. Federal government economists collect and analyze data on the U.S. economy, including employment, prices, productivity, and wages, among other types of data. They