Marshall lerner Study guides, Revision notes & Summaries

1. define Globalisation the process through which nation- al economies, societies and cultures are becoming increasingly intercon- nected through global networks of trade, communication, transportation and immigration 2. where are levels of globalisation the highest 3. where are levels of globalisation the lowest 4. 3 Key Characteristics of Globalisa- tion between core countries, as a result of them having sorted out major do- mestic problems, giving them spare capacity to look to solve ...

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Macro Sec B Questions and Answers Latest updated Discuss 2 macroeconomic policies, apart from protectionism, that a gov could use to reduce the negative effects of globalization (12) supply side policy (improve education, infrastructure) boost productivity boost GDP, enable firms to compete with foreign companies EV: education has a time lag Fiscal policy (inc gov spending, decrease prices) - increase peoples disposable incomes, reduces downsides mentioned in the text EV: depends on con...

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Globalisation Refers to the increasing integration and interdependence of the World's national economies into a single international market. It involves the free trade of goods and services, the free movement of capital and labour and the free interchange of technology and intellectual capital Developed economy An economy that that is economically developed and its population has a high GDP per capita e.g USA, Australia Developing economy An economy that that is less economical...

According to the elasticity approach a domestic currency depreciation does what to the CA - -TYPICALLY, it narrows the CA, unless the marshall-lerner condition is met -What is the martial lerner condition and how is it satisfied? - -The marshall lerner condition suggests that a domestic currency depreciation can, sometimes, particularly in the short-run, when elasticities are high enough, lead to a widening of the CA. This is satisfied when sum of the absolute values of import demand and expo...

This document contains notes on globalisation; absolute/comparative advantage diagram; trade diagrams; trading bloc comparisons; currency in the forex market; key terms of international trade; exchange rate mechanism; balance of payments; World Trade Organisation; Marshall-Lerner Condition; exchange rates. This also includes a real-world example about currency movement (George Soros).

Balance Payment - Detailed explanation -Include definition and component of current account -Include Relationship between EXCHANGE RATES and CURRENT ACCOUNT - Causes of current account deficit - Impact of current account deficit and current account surplus - Includes two ways government solve current account deficit - Explanation on Marshall Lerner and J-cure **ALL COMPACTED INTO ONE PAGE. SUITABLE FOR QUICK REVISION. GIVES YOU OVERVIEW OF THE TOPIC. EASY TO UNDERSTAND.**

Economics notes for Balance Payment - includes definition - components of balance payments with explanation - causes and advantages and disadvantage for current account surplus and current account deficit - two ways government solve current account deficit - explanation marshall lerner condition and j-curve Economics notes for Economic Integration - clearly define 6 stages of economic integration - provide advantage and disadvantage - example given for each stages - advantages and...

ully explain the meaning of the ‘J curve effect’ and the ‘marshall-lerner condition.’ How are these two concepts related? Discuss empirical evidence on the existence of the ‘marshall-lerner condition’ ully explain the concepts of ‘trade creation’ and ‘trade diversion.’ Illustrate the welfare effects on society resulting from these two concepts using appropriate diagrams to support your answer. Explain any key objectives and challenges facing the following organizations (UNC...