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international trade and the nations standard of living (current problems,…
international trade and the nations standard of living
globalization!!
debt to gdp ratio
international flow of goods and services
the gravity model (big GDP trades with big GDP)
flow of labor and capital
economic theories and policies
purpose: the purpose of economic theory is in general to explain and predict
the subject matter of international economics
deals with eco and fin Independence of nations and their flow of goods services, payments and monies.
international trade theory
(analyzes basis and gains from trade)
international trade policy
(examines the reasons for and the effects of trade restrictions)
foreign exchange markets
balance of payments
current problems
slow growth high unemployment
trade protectionism
excessive fluctuations and misalignment n exchange rates and financial crises
structural imbalances
deep poverty in many developing countries
climate change