Principles of Macroeconomics
... Classical approach has serious shortcoming, in that it assumes rather than explains comparative advantage. Classical model does not explain why labor productivities differ between nations. It is these differences which are the source of comparative advantage. Ignores how relative resource endowm ...
... Classical approach has serious shortcoming, in that it assumes rather than explains comparative advantage. Classical model does not explain why labor productivities differ between nations. It is these differences which are the source of comparative advantage. Ignores how relative resource endowm ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Taxing Multinational Corporations
... and those in the U.S. economy as a whole reflects the declining role of multinational parents within the U.S. economy. Parent employment in the United States fell from 28 percent of U.S. nonagricultural employment in 1977 to barely over 20 percent in the late 1980s, not because employment was moved ...
... and those in the U.S. economy as a whole reflects the declining role of multinational parents within the U.S. economy. Parent employment in the United States fell from 28 percent of U.S. nonagricultural employment in 1977 to barely over 20 percent in the late 1980s, not because employment was moved ...
The New Global Inequalities
... • Growing Flows across national borders – people, capital, information, goods & services – including greater share of world and leading to increasing integration across spaces • -Timing: – long history of international economic integration that began with the rise of capitalism in 1500s – Early wave ...
... • Growing Flows across national borders – people, capital, information, goods & services – including greater share of world and leading to increasing integration across spaces • -Timing: – long history of international economic integration that began with the rise of capitalism in 1500s – Early wave ...
International Business: Strategy, Management, and the New Realities
... • The cost of computer processing fell by 30 percent per year during the past two decades, and continues to fall. • The remarkable performance of the U.S. economy in the 1990s was due in large part to aggressive integration of IT into firms’ value-chain activities, which accounted for 45 percent of ...
... • The cost of computer processing fell by 30 percent per year during the past two decades, and continues to fall. • The remarkable performance of the U.S. economy in the 1990s was due in large part to aggressive integration of IT into firms’ value-chain activities, which accounted for 45 percent of ...
National economies are not randomly distributed around
... China and Mexico do not have high level of direct economic interactions with each other, but their similar economic ties to the U.S. market put them in similar positions in the trade networks, and therefore in competition with each other, which might result in similar moves toward efficiency-bound e ...
... China and Mexico do not have high level of direct economic interactions with each other, but their similar economic ties to the U.S. market put them in similar positions in the trade networks, and therefore in competition with each other, which might result in similar moves toward efficiency-bound e ...
Economies of scale and international trade • In the
... • In the models discussed so far, differences in prices across countries (the source of gains from trade) were attributed to differences in resources/technology. Countries specialize in the things they do relatively well (produce inexpensively). • All these models were characterized by constant retu ...
... • In the models discussed so far, differences in prices across countries (the source of gains from trade) were attributed to differences in resources/technology. Countries specialize in the things they do relatively well (produce inexpensively). • All these models were characterized by constant retu ...
Dia 1
... Of Belgium’s total GDP, region is good for 17% or €57.3 billion. The city employs more than one eighth of the population of Flanders. Purchasing power parity is 34% above the E.U. average. Several universities, colleges and knowledge centers contribute to Antwerp’s innovative business angle ...
... Of Belgium’s total GDP, region is good for 17% or €57.3 billion. The city employs more than one eighth of the population of Flanders. Purchasing power parity is 34% above the E.U. average. Several universities, colleges and knowledge centers contribute to Antwerp’s innovative business angle ...
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... is monopolistically competitive, and firms produce many varieties under increasing returns to scale. Third, we allow for perfect labor mobility between the two sectors. This means that, given the presence of labor surplus conditions in the agricultural sector, any increase in the labor force is abs ...
... is monopolistically competitive, and firms produce many varieties under increasing returns to scale. Third, we allow for perfect labor mobility between the two sectors. This means that, given the presence of labor surplus conditions in the agricultural sector, any increase in the labor force is abs ...
TRANSNATIONAL CORPORATION (TNCs)
... Comparative advantage of TNC Most TNCs operate in a few industries (computers, electronics….) Some dominate the marketing and distribution of basic and specialized commodities For example: in raw materials, a few TCNs account for 85% or more of world trade in wheat, maize, coffee… In manufa ...
... Comparative advantage of TNC Most TNCs operate in a few industries (computers, electronics….) Some dominate the marketing and distribution of basic and specialized commodities For example: in raw materials, a few TCNs account for 85% or more of world trade in wheat, maize, coffee… In manufa ...
Lecture Slides Chapter 05
... 1) Average Variable Cost: Current definition of dumping implies any price below average total cost indicates dumping; however lower price still above average variable cost would not necessarily imply dumping 2) Exchange Rates: An increase in the exchange rate value of the dollar would lower prices o ...
... 1) Average Variable Cost: Current definition of dumping implies any price below average total cost indicates dumping; however lower price still above average variable cost would not necessarily imply dumping 2) Exchange Rates: An increase in the exchange rate value of the dollar would lower prices o ...
Presentation
... While in earlier phases of capitalism workers in the formal workplaces organised relatively easily, in the present phase of globalised capitalism in the context of labour surplus economies, the proximity and direct connection to capital may be a disincentive in organising. On the other hand, confron ...
... While in earlier phases of capitalism workers in the formal workplaces organised relatively easily, in the present phase of globalised capitalism in the context of labour surplus economies, the proximity and direct connection to capital may be a disincentive in organising. On the other hand, confron ...
3 Theories and Models linked to Development
... Different countries have different factor endowments eg climate, skilled labour force, and natural resources vary between nations. Therefore some countries are better placed in the production of certain goods than others. Economic theory predicts all countries gain if they specialise and trade the g ...
... Different countries have different factor endowments eg climate, skilled labour force, and natural resources vary between nations. Therefore some countries are better placed in the production of certain goods than others. Economic theory predicts all countries gain if they specialise and trade the g ...
Lecture-7
... they do not differ in resource endowments or technology, and that a country may predominate in the export of a good simply because it was lucky enough to have one or more firms among the first to produce that good • While this is at variance with the Heckscher-Ohlin theory, it does not contradict co ...
... they do not differ in resource endowments or technology, and that a country may predominate in the export of a good simply because it was lucky enough to have one or more firms among the first to produce that good • While this is at variance with the Heckscher-Ohlin theory, it does not contradict co ...
Chapter 7 FACTOR ENDOWMENTS AND TRADE: THE 2X2
... Even though factors are immobile (i.e. countries cannot trade in factors of production), countries can indirectly trade their factor endowments through trade in goods. As the price of the capital-intensive good rises, capital owners in the country exporting the capital-intensive good are better off, ...
... Even though factors are immobile (i.e. countries cannot trade in factors of production), countries can indirectly trade their factor endowments through trade in goods. As the price of the capital-intensive good rises, capital owners in the country exporting the capital-intensive good are better off, ...
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... more efficient services can be provided. Goods and services can be more competitive and innovative. Experience indicates that private enterprises outperform state-run companies. Privatization attracts foreign investment capital. Governments can use proceeds from privatization to help fund other pres ...
... more efficient services can be provided. Goods and services can be more competitive and innovative. Experience indicates that private enterprises outperform state-run companies. Privatization attracts foreign investment capital. Governments can use proceeds from privatization to help fund other pres ...
Development Economics Tests - SL Study Guide File
... institutional changes. Discuss the relationship between economic growth and economic development, noting that some limited economic development is possible in the absence of economic growth, but that over the long term economic growth is usually necessary for economic development However, it sho ...
... institutional changes. Discuss the relationship between economic growth and economic development, noting that some limited economic development is possible in the absence of economic growth, but that over the long term economic growth is usually necessary for economic development However, it sho ...
Uneven development
... efficient in the production of goods and services Not equally productive when used to produce alternative good This imperfect substitutability of recourses – due to differences in the skillds of labour, fertility of soil, specialized funcion of ...
... efficient in the production of goods and services Not equally productive when used to produce alternative good This imperfect substitutability of recourses – due to differences in the skillds of labour, fertility of soil, specialized funcion of ...
PPT - Thai-Japanese Association
... FTA, A DEVELOPING TREND AND MANY DEVELOPING COUNTRIES ARE INVOLVED. ...
... FTA, A DEVELOPING TREND AND MANY DEVELOPING COUNTRIES ARE INVOLVED. ...
Business Environment
... Less than 1% (147) are in charge of 40% of world revenue Top 20 of these companies is dominated by investment banks Such an overdependence explains the deepness of the 2008 crisis (Source: PLoS One, The Network of Global Corporate Control, 2011) 44 out of 100 biggest economies are companies ...
... Less than 1% (147) are in charge of 40% of world revenue Top 20 of these companies is dominated by investment banks Such an overdependence explains the deepness of the 2008 crisis (Source: PLoS One, The Network of Global Corporate Control, 2011) 44 out of 100 biggest economies are companies ...
Development Economics Tests - HL Study Guide File
... institutional changes. Discuss the relationship between economic growth and economic development, noting that some limited economic development is possible in the absence of economic growth, but that over the long term economic growth is usually necessary for economic development However, it sho ...
... institutional changes. Discuss the relationship between economic growth and economic development, noting that some limited economic development is possible in the absence of economic growth, but that over the long term economic growth is usually necessary for economic development However, it sho ...
What questions would you like to ask?
... • Makes the UK more vulnerable to external shocks. For example slow growth and recessions in the Euro Zone countries are currently impacting on the UK as these nations buy our exports • Possible Increased Income Inequality – • Often the benefits of trade are not shared out equally. Developed countri ...
... • Makes the UK more vulnerable to external shocks. For example slow growth and recessions in the Euro Zone countries are currently impacting on the UK as these nations buy our exports • Possible Increased Income Inequality – • Often the benefits of trade are not shared out equally. Developed countri ...
protectionism and free trade
... Some lawyers are better typists than their secretaries. Should such a lawyer fire his secretary and do his own typing? Not likely. Though the lawyer may be better than the secretary at both arguing cases and typing, he will fare better by concentrating his energies on the practice of law and leavi ...
... Some lawyers are better typists than their secretaries. Should such a lawyer fire his secretary and do his own typing? Not likely. Though the lawyer may be better than the secretary at both arguing cases and typing, he will fare better by concentrating his energies on the practice of law and leavi ...
Economics - Crestwood Local School District
... 5. Monetary Policy- another tool the govt. uses to promote economic stability and growth. 6. Federal Reserve System- agency that controls the ability of banks to lend money 7. Trade Policy- Federal govt. regulates American trade with other countries Tariffs- special taxes on imported goods. Once t ...
... 5. Monetary Policy- another tool the govt. uses to promote economic stability and growth. 6. Federal Reserve System- agency that controls the ability of banks to lend money 7. Trade Policy- Federal govt. regulates American trade with other countries Tariffs- special taxes on imported goods. Once t ...
E. refers to the fact that Leontieff
... large volume and growth in world trade between the United States and other OECD countries during the 50 years since World War II has clearly been related to a near universal (average) convergence in real wage levels in these countries, whereas the most obvious cases in which such a convergence did n ...
... large volume and growth in world trade between the United States and other OECD countries during the 50 years since World War II has clearly been related to a near universal (average) convergence in real wage levels in these countries, whereas the most obvious cases in which such a convergence did n ...
The Effects of Technological Spillover through FDI and Import Trade
... hasten the technical transfer and diffusion: FDI brings the capital for home country, at the same time provides the advanced technology and management experience; import trade can buy finished products which contain high technology, but also imports the intermediate goods to improve the home countri ...
... hasten the technical transfer and diffusion: FDI brings the capital for home country, at the same time provides the advanced technology and management experience; import trade can buy finished products which contain high technology, but also imports the intermediate goods to improve the home countri ...
International factor movements
In international economics, international factor movements are movements of labor, capital, and other factors of production between countries. International factor movements occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. International factor movements also raise political and social issues not present in trade in goods and services. Nations frequently restrict immigration, capital flows, and foreign direct investment.