Econ110BW11 - Lec13 A - GR_ol (1)

Econ110BW11 - Lec13 A - GR_ol (1) - Macroeconomics B Econ...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Macroeconomics B Econ 110B, Winter 2011 Prof. Giacomo Rondina Lecture 13
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Open Economy ± Economies trade with one another, and they prosper, as a consequence. ± Trade is in goods, services and capital (financial assets). ± Trade has increased substantially over the last 30 years. ± Economic Policies are decided at the single country levels (most of them). utcome of economic policies depend on international trade ± Outcome of economic policies depend on international trade. ¾ How do economic policies change in the open economy? 2 Openness in Goods and Financial Markets (Ch. 18)
Background image of page 2
Indicators of Globalization (increase in Trade) ± The value of trade (goods and services) as a percentage of world GDP increased from 42.1 % in 1980 to 62.1% percent in 2007. reign Direct Investment creased from 5% f world GDP in 1980 to ± Foreign Direct Investment increased from 6.5% of world GDP in 1980 to 31.8% in 2006. e stock of international claims (primarily bank ans as a percentage of ± The stock of international claims (primarily bank loans
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 19

Econ110BW11 - Lec13 A - GR_ol (1) - Macroeconomics B Econ...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online