The global economy is a complex and multifaceted system. When a variable changes, such as a dramatic increase in the New Zealand dollar; the spillover effects can be detrimental to some while increasing the wealth and standard of living of others. This essay will discuss the global economic system we have in place today and the distributive injustices that result from it. The beginning of the capitalist economy we have today can be linked to the Industrial Revolution between the 1750s and 1850s. The world economy began to show signs of rapid growth, the world population increased sixfold and the average income has increased tenfold (Maddison, 2003). This happened through advances in machinery and a real economy, with factories, factories and new technologies providing the British population with new products more quickly and cheaply. The Industrial Revolution was also the beginning of cities as we know them today, as well as the beginning of inequality, although this essay will return to this later (Dodd & Miller). Currently on the list of European geostrategy (Rogers & Simón, 2011). Among the 15 most powerful countries in the world, the United States of America is the only global superpower, while China is the only other country that is a potential superpower. It is no coincidence that these two states are considered the main economic locations in the world. Of course, these countries did not become economic leaders by chance. The rise of globalization has seen countries like China rise to prominence, as global trade, strong policymaking and controlled growth rates have allowed them to quickly rise through the ranks and now have a seat on the Council Permanent Security Council-5, a sign of how economies are growing. powerful, they became.The...... middle of document......b) The Concise Oxford Dictionary of Politics (third ed.). Oxford University Press. Rogers, J. and Simón, L. (2011). The fifteen most powerful countries in the world in 2012 Retrieved on 05/02/2012 from http://europeangeostrategy.ideasoneurope.eu/2011/12/29/worlds-fifteen-most-powerful-countries-in-2012/Spagnoli, F. (2010, 05/02/2012). What is the best approach to distributive justice? Retrieved from http://filippagnoli.wordpress.com/2010/11/28/whats-the-best-approach-to-distributive-justice/International Covenant on Civil and Political Rights § 6.1 (1994). Williamson, J. (2002). What Washington means by policy overhaul Accessed 02/05/2012, from http://www.iie.com/publications/papers/paper.cfm?researchid=486Woodward, D. and Simms, A. (2006) . Growth Fails the Poor: The Unbalanced Distribution of Benefits and Costs of Global Economic Growth.