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globalisation - ANSWER the integration or interconnectedness of national economies through trade of goods and services, capital flows (consisting of foreign direct investments and hot money), and labour migration impacts of globalisation - ANSWER 1. increased and freer trade in goods and services 2. increased flow of capital 3. increased flow of labours

define Globalisation - ANSWER the process through which national economies, societies and cultures are becoming increasingly interconnected through global networks of trade, communication, transportation and immigration where are levels of globalisation the highest - ANSWER between core countries, as a result of them having sorted out major domestic problems, giving them spare capacity to look to solve international issues

People specialize and trade A.) Because most people are not self sufficient B.) Because each person can consume more than they produce by specializing and trading C.) Because most people are good at producing only one thing - ANSWER B.) Because each person can consume more than they produce by specializing and trading In the Island of Pretend, Wendy only bakes bread, John only picks berries, and Peter only feeds the chickens. At the end of the day they satisfy their needs by trading among ...

International Economy Final Study Guide - NOTES

International Economy Final Sample

International Economy Midterm #2 Practice Questions

International Economy Midterm #1 Study Guide - NOTES

International Economy Midterm #1 Practice Questions

International Economy Midterm #1 Study Guide - NOTES

International Economy