World Markets can be defined as markets of the world encompassing all the markets of Asia, Europe, Americas, Australia and Africa. It can be stated that world markets have become more integrated as a result of globalization. The world market is common point where all the markets of the world converge. Hence emerges the concept of world supply or world demand or global supply and demand. World supply and demand are heavily influenced by the export and import of the developed vis-à-vis the developing countries. World markets play a key role in the development prospects of many countries of the world as the fluctuations originated there translates into supply and demand conditions in the home country. This can have adverse effects on home producers and consumers of various goods and services. An example would be the world prices of crude oil which wreaked havoc in many developing countries. World markets can also imply the world stock markets such as those present in the countries of the world as also internationally acclaimed stock exchanges such as the NASDAQ.