EBK INTERNATIONAL ECONOMICS
7th Edition
ISBN: 9780134523873
Author: Gerber
Publisher: YUZU
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Chapter 1, Problem 4SQ
To determine
Trade-to-
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What are the actors that facilitate economic globalization?
- International Economic and Financial Organizations
- Non-Governmental Organizations
- International Governmental Organizations
- Trans-National Corporations (TNCs)
Calculate the trade-to-GDP ratio for a country that has a 5 percent growth rate, $600 million in exports,
$400 million in imports, and gross domestic product (GDP) of $2,000 million.
Explain how the international trade relations between the global north countries (HDCs - highly developed countries) and the global south countries (LDCs - less developed countries) might NOT transform the latter to become highly developed or highly industrialized countries, like the former, in the near future.
Chapter 1 Solutions
EBK INTERNATIONAL ECONOMICS
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