the almighty dollar Flashcards
How are world economies connected?
The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. … It refers to the exchange of goods and services between different countries, and it has also helped countries to specialise in products which they have a comparative advantage in.
why is china investing in Africa?
China is politically motivated to invest in Africa because the continent represents a prime opportunity for China to significantly expand its global presence and influence. Africa is an emerging market and offers China a chance to achieve growth and high returns from its investments.
what is an economy?
the state of a country or region in terms of the production and consumption of goods and services and the supply of money.
why is china manufacturing sector booming?
China’s export growth was initially fuelled by the so-called processing trade, with Chinese factories assembling components made in other countries.
