its is important topic for nowdays .

1. Richa kushwah
BA.Soc.Sci.(HSM)
App.No.=109207
Topic- Suez canal and
world economy
BBM-106

3. z
SUEZ CANAL

4. z
Economy-:
World Economy-:
A system for producing, distributing, and
consuming goods and services.
The world economy is the economy of all humans of the
world , referring to the global economic system , which
includes all economic activities which are conducted
both within and between nations , including production ,
consumption , economic management , work in general ,
exchange of financial values and trade of goods and
services.

5. Why is Suez canal famous?
The Suez canal is a man made waterway
connecting the Mediterranean Sea to the Indian
Ocean via the Red sea.it enables a more direct
route for shipping between Europe and Asia
effectively allowing for passage from the North
Atlantic to the Indian Ocean without having to
circumnavigate the African continent.

6. THE IMPORTANCE OF
THE SUEZ CANAL-:
The geographical position of the Suez canal makes it the
shortest route between East &West as compared with the
cape of good hope.
The canal route achieves a saving in distance between the
ports East & West the canal, the matter that is translated
into saving in time , fuel consumption and ship operating
costs.
About 10% of the world seaborne trade passes through the
Suez canal.

7. How is India benefited by Suez canal-:

8. HOW DID CANALS HELP
IMPROVE THE ECONOMY?

9. It enables a more direct route for shipping
between Europe and Asia, effectively allowing
for passage from the North Atlantic to the
Indian Ocean without having to
circumnavigate the African continent

10. SIGNIFICANCE :-

11. z
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12. CONCLUSION-:
. The global economy is innately tied to trade; it
allows countries around the world to obtain any resource
they may want , whether or not it is produced on the home
front . This availability of resources is facilitated through
trade.
Canals are also used to transport water for
irrigation and other human uses. While the advent
of more efficient forms of transportation has
reduced the need for canals, they still play a vital
role as conduits for transportation and fostering
global commerce.