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AEM/ECON 230:International Trade and FinanceProfessor David LeeDept. of Applied Economics and Managment441 Warren Hall
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2 of Professor David LeeAEM 230 / ECON 230“Globalization”An economic view −the reduction and elimination of traditional barriers which separate international buyers and sellers:1.Trade policy barriers: tariffs, quotas, etc.2.Decreasing transportation costs3.Decreasing transactions costs4.Market-determined exchange rates