Chap001

Chap001 - United States in particular It is useful to make...

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Chapter 01 – The World of International Economics CHAPTER 1 THE WORLD OF INTERNATIONAL ECONOMICS I. Outline Introduction The Nature of Merchandise Trade - The Geographical Composition of Trade - The Commodity Composition of Trade - U.S. International Trade World Trade in Services The Changing Degree of Economic Interdependence Summary Appendix: A General Reference List in International Economics II. Purpose of Chapter The purpose of this introductory chapter is to provide the student with an overview of the current nature of international trade in goods and services for the world in general and for the
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Unformatted text preview: United States in particular. It is useful to make the student aware not only of the broad nature of international transactions, but also of the increased international interdependence that now characterizes the world economy. Although this chapter contains a great amount of “data,” we have found that discussing this kind of information on the first day of class motivates student interest in the subject and in the course in general. 1-1...
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This note was uploaded on 11/27/2009 for the course ECON 421 taught by Professor Macphee,c during the Spring '08 term at UNL.

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