Chap 1 (Intro) Flashcards Preview

ECN-707 Economic of international trade > Chap 1 (Intro) > Flashcards

Flashcards in Chap 1 (Intro) Deck (3)
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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
  1. Comparative advantage
  2. Increasing return on scale
  3. Imperfect competition