Term
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Definition
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Term
| The openness index does not tell us about...? |
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Definition
| A country's trade policies or trade barriers. |
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Term
| The openness index measures...? |
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Definition
| The relative importance of international trade in a nation's economy. |
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Term
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Definition
| Reduction or elimination of tariffs, quotas, and other barriers to trade in goods at the border, such as trade-limiting customs procedures. |
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Term
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Definition
| Economic integration that goes well beyond removal of formal barriers to trade and includes various ways of reducing the intentional burden of differing national regulations, such as mutual recognition and harmonization. |
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Term
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Definition
| Agreements between groups of nations. Includes free-trade agreements and other forms of preferential trade. |
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Term
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Definition
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Term
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Definition
| The purchase of future physical assets such as real estate or business by a foreign company or individual. |
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Term
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Definition
| Citizens or businesses in the home country purchase assets in a foreign country. |
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Term
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Definition
| Foreigners purchase assets in the home country. |
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Term
| How does FDI now compare to FDI from 100 yrs ago? |
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Definition
| The absolute volume of capital flows has increased dramatically. As a share of the world GDP it is probably no more than it was before, may be less. |
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Term
| Two goods most protected in higher income/developed nations? |
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Definition
Agricultural products
Textiles |
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Term
| Determinant of amount of investment in a country depends heavily upon...? |
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Definition
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Term
| 3 features of contemporary economic relations |
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Definition
Integration
Multilateral organizations
Regional trade agreements |
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