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fotolia_54342467 (Critcique (Fixed (quality, quality, tech), full mobility…
Globalization
import-export
Foreign investments
Demand
Foreign Currency
less infaltion
interconnected
WTO
downsides
Inequality
Dependency
Underdevelopment
protectionism
Upsides
economic
culture
investments
Spillover
FDI
Issues
Exports
Primary
Developing
dependence
cons
unstable prices
short
falling prices
long
Fuel
enclaves
high-income elasticity of demand
Manufacturing
Developed
Deficit
Economic Slowdown :star:
Depleted monetary :star:
IMF
currency volatility :star:
Commercial Services
Developed
Skilled
Consulting
Developing
Construction
Elasticities
Low-income elasticity of demand
#
GNI :arrow_upper_right:
QD :arrow_up:
i.e Agricultural
PED
Export Earning instability
#
#
Commodity terms of trade
Px/Pm
import prices :arrow_upper_right:
export prices :arrow_up:
solution
Import Substitution
tarrifs
TEMPORARY!
Questions
Growth?
ENLARGEMENT
Distirbution
EQUALIZER
conditions
CP
Production?
CP
Outward?Inward?
OUTWARD
Traditional Theory of International Trade
Comparative Adv.
relative cost :arrow_down:
abundance
Neoclassical
Specialization
Relative Factor Endowments
Hecksher-Bertil
Land, Labor,Captital
#
Propositions
CP = Different Factors
Capital Intensive
Labor Intenstive
Products = diff. proportions
Factor Price Equalization
Effect
Equality :red_cross:
Growth PPF
jobs
fdi
#
Critcique
no govt.
failures
factors mobility/Sovereignty
developing
difficult
primary export
developed tarrifs!
scale :arrow_right: monopoly
Trade balance
Imbalance North-South Model
:recycle:
monopoly
capital flight
Fixed
quality
quality
tech
National Accrual
investors
full mobility
unemployment
depression
vent-for-surplus theory
Environment
Agricultural
Poverty
Women work
Poverty
Green Tech
Pessimists
labor exploitation
protectionism
local products
monopooly
dependecny
Westernization
Export Earning Instability
