Chap 5 Class Notes - i. Imports exceed exports ii. Borrow...

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Chap 5 Class Notes 1. International Linkage a. b. i. H1 Visa 1. Professional Gets this c. d. Money 2. GDP a. US exports 12% 3. World Trade a. Volume as a percentage of GDP i. Larger for small countries ii. Larger for countries with restricted resources b. Dependence on world market i. Lack key resources ii. Sell surplus goods c. Trade deficit
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Unformatted text preview: i. Imports exceed exports ii. Borrow form foreigners iii. Sell real assets to foreigners d. Trade Surplus i. Exports exceed imports ii. Lend to foreigners 4. Rapid Trade growth a. Transportation Technology b. Communications technology c. General Decline in tariffs d. All nations participate in international trade...
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This note was uploaded on 05/09/2011 for the course ECON 102 taught by Professor Ashookshulka during the Spring '11 term at Harrisburg Area Community College.

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Chap 5 Class Notes - i. Imports exceed exports ii. Borrow...

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