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Globalization Means Interdependence The performance of each economy is linked to the performance of other economies in many ways, as the circular flow diagram clearly illustrated. The Nebraska automobile industry example taught us the protectionism does not favor national interests over foreign interests, but one national interest over other nati...

15 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 499 | Lượt tải: 0

The Goals of This Chapter Summarize the various push, pull, stay, and stay-away factors that determine immigration, and introduce the role of immigration policy. Use the history of U.S. policies toward immigrants as a case study of immigration policy. Describe immigration policy in other countries and compare it to that of the U.S. Analyze ill...

26 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 468 | Lượt tải: 0

Goals of this Chapter Present a brief history of international migration, the oldest of the three components of globalization. Take the student beyond the popular labor supply model of immigration by introducing the labor supply and demand model of immigration. Use the labor supply and demand model of immigration to frame the analysis of the g...

29 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 462 | Lượt tải: 0

The Goals of This Chapter Present the history of the international financial system that existed before today’s mixture of floating, fixed, and manipulated exchange rates. Use the historical examples to illustrate how the trilemma was dealt with and how well each system promoted human welfare. Show why financial orders tend to change when changi...

30 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 543 | Lượt tải: 0

The Goals of This Chapter Illustrate why it is difficult to keep exchange rates constant. Explain how foreign exchange market intervention works and why it cannot permanently fix exchange rates. Introduce purchasing power parity (PPP) and review the evidence on how well it explains long-run exchange rates. Introduce the aggregate demand/aggrega...

31 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 535 | Lượt tải: 0

The Goals of This Chapter Review the historical development of foreign exchange markets. Explain how the foreign exchange rate reflects the demand and supply of goods, services, and assets, and the other flows that make up the balance of payments. Explain geographic arbitrage, triangular arbitrage, and intertemporal arbitrage. Introduce the sp...

44 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 551 | Lượt tải: 0

The Goals of this Chapter Detail the principal types of international investment flows and their recent growth. Discuss the reasons why firms operate in more than one country and become MNEs. Show how portfolio investment has grown in recent decades as governments liberalized investment flows and financial markets have developed. Explain intern...

11 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 917 | Lượt tải: 0

The Goals of this Chapter Show how international investment raises the total value of world output and income, and why all countries share in the net gains. Explain how international investment permits investors to spread their risk among a greater variety of assets. Present evidence and models suggesting that international investment also fac...

36 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 564 | Lượt tải: 0

The Goals of This Chapter Show that there are contradictory clauses in the GATT, the most glaring of which are the exceptions to the most favored nation clause. Explain how trade creation and trade diversion make the welfare effects of a trade bloc theoretically ambiguous. Familiarize the student with several recent regional integration schemes...

27 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 577 | Lượt tải: 0

The Goals of This Chapter Use historical examples to illustrate how economic, social, and political factors determine trade policies. Relate historical trends in trade policies to changes in economic, social, and political factors. Show that there is no clear historical trend towards free trade; periods of free trade have been followed by perio...

26 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 627 | Lượt tải: 0