AEM230__Lecture1___Fall_2007 - AEM/ECON 230 International...

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AEM/ECON 230: International Trade and Finance Professor David Lee Dept. of Applied Economics and Managment 441 Warren Hall
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2 of Professor David Lee AEM 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 costs 3. Decreasing transactions costs 4. Market-determined exchange rates
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