Shared Flashcard Set

Details

International Economics - Test #1
Chapters 1, 2, 3, 4
4
Economics
Undergraduate 4
01/16/2014

Additional Economics Flashcards

 


 

Cards

Term

 

 

 

Today's economies reflects a high degree of _____ ______ between countries and their citizens; which is the dependence of other countries for resources, goods/services. 

Definition

 

 

 

 

Economic Interdependence 

Term

 

 

 

What are the 4 forces driving globalization ? 

Definition

 

1. Technological changes 

2. Multilateral trade negotiations 

3. Widespread liberalization of investment transactions 

4. Development of international financial markets 

Term

 

 

In what years did the 1st wave of globalization exist? 

2nd wave? Latest wave? 

Definition

 

 

1st wave: 1870-1914 

2nd wave: 1945-1980

Latest wave: 1980 - present 

Supporting users have an ad free experience!