Chapter 1 - I Chapter 1 Introduction to IE a Golbaization i...

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I. Chapter 1: Introduction to IE a. Golbaization i. Outsourcing ( transfer of jobs) ii. Counteries intertrained iii. Trade(imports and exports) iv. Multinational corporations GPN(global production network) v. Economic intergration agreements among countries vi. Migration vii.Technological advances (transportation and communications) viii. Fewer trade barriers ix. Fewer capital movement barriers b. FALL OF BERLIN WALL: shift in the mindset___> not to follow communist example: more people part of capitalism c. Modern US i. Trade as percentage of GDP= 30% (29%) d. Types of trade i. Inter-industry ii. Intra-industry- France buying german cars and vice versa iii. Intracompany e. Cross border capital flows i. Have grown twice as fast as trade ii. Motivated by direct and portfolio investments f. Movement of people i. Immigration ii. Migration (large numbers of people) 1. Water shortage will cause movement g. Structure i. Trade-
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1. trade theory- comparitive advantage (inter industry) 2. Trade policy- pros and cons of protectionism a. Trade barriers b.
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