Chap 1 (Intro) Flashcards
1
Q
Key forms of trade flows:
A
- Rise in trade flows
- Foreign portfolio investment
- Foreign direct investment
- Outsourcing
- Migrant labor / inmigration
2
Q
The biggest waves of integration :
A
- 19 century (Integration) - technology
- 20 century (globalization) - technology and policies
3
Q
Reasons for trade:
A
- Comparative advantage
- Increasing return on scale
- Imperfect competition
