Notes - country is selling o Finance Exchange rates fixed...

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10/29/07 Globalization Globalization – the movement of economic flow across borders o World not completely globalized, but much more than ever before o Trade: movement of products and services, imports and exports To what extent should a country be open to trade? Current account (trade deficit) – how much a country is buying vs. how much a
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Unformatted text preview: country is selling o Finance Exchange rates fixed or flexible? Capital account: short term; long term o Multinational production significant sales and/or production o Balance of payment: current account has to equal capital account o...
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