Global and Regional Business Cycle Flashcards
1
Q
international business cycle
A
changes in the level of economic activity in the global economy over time
2
Q
regional business cycle
A
refers to the economic activity in a particular region
3
Q
synchronisation
A
business cycles of individual countries come to mirror each other
4
Q
factors strengthening synchronisation
A
Trade flows Investment flows Transnational corporations Financial flows Technology Commodity prices International organisation
5
Q
factors weakening synchronisation
A
Domestic interest rates Government fiscal policies Other domestic economic policies Exchange rates Regional factors
