Содержание
- 2. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 3. The World Economy “Globalization” Means different things to different people My definitions (see my online Glossary):
- 4. Lecture 1: Overview The World Economy “Globalization” Some aspects of globalization declined with the world recession
- 5. The World Economy International Economics Is NOT about countries It IS about interactions among countries
- 6. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 7. The World Economy World Economy consists of Countries: a few hundred (CIA lists about 240) (WTO
- 8. (Aside, on getting information) An excellent source of information about countries is the CIA World Fact
- 9. The World Economy World Economy consists of GDP (2013 est., per CIA, in US$) World: Total
- 10. The World Economy Implication US is very unusual Very rich US has less than 5% of
- 11. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 12. The World Economy Ways that countries interact economically Trade (per CIA, 2013 est.) World exports: $18.71
- 14. The World Economy See tables below for Who trades most? Who trades with whom? Share of
- 15. Who Trades the Most? ($ b. & % share, 2013) *EU external only Source: WTO, International
- 16. Who Trades the Most? Developed countries are the biggest traders China is catching up, in trade
- 17. Who Trades the Most? See Economist from about a year ago: “Trading Up: Picking the world
- 18. Who Trades the Most? “Emerging Markets” in general are catching up to, or surpassing, the developed
- 19. Lecture 1: Overview
- 21. Who Trades with Whom? ($ b., 2013, Intra- and inter-regional merchandise trade) Source: WTO, International Trade
- 22. North America, Europe, and Asia trade mostly within their group Poorer regions – Latin America, Africa
- 23. What Does the World Trade? ($ b. 2013 & annual % growth rates, merchandise exports) Source:
- 24. Lecture 1: Overview What Does the World Trade? Biggest traded category: manufactures Fastest growing, then shrinking,
- 25. Lecture 1: Overview What Does the World Trade? ($ b. 2013 & annual % growth rates,
- 26. Lecture 1: Overview What Does the World Trade? ($ b. 2013 & annual % growth rates,
- 27. What Does the US Trade? ($ b. 2011) Source: Economic Report of the President, Feb 2013,
- 28. Lecture 1: Overview What Does the US Trade? US imports are much larger than US exports
- 29. Importance of Trade for Countries? (GDP in US$ b., Exports % of GDP, Selected countries, 2012)
- 30. Importance of Trade for Countries? Even though we trade more than most, US trade is a
- 31. Importance of Trade for Countries? A Few More of Interest Source: CIA World Fact Book
- 32. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 33. The World Economy Ways that countries interact economically Capital Flows Financial (holdings of financial assets abroad)
- 34. Lecture 1: Overview The World Economy Ways that countries interact economically Capital Flows Financial (holdings of
- 35. The World Economy Ways that countries interact economically Capital Flows Financial (holdings of financial assets abroad)
- 36. US Investment Position ($ trillion at market value, year-end 2011) Source: Economic Report of the President,
- 37. US Investment Position (Qualification: “Owe” isn’t quite right. This includes all assets in the US owned
- 38. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 39. The World Economy Other ways that countries interact economically Migration Temporary Guest workers Day workers Permanent
- 40. Lecture 4 Overview of the World Economy “Globalization” Elements of the World Economy Ways that Countries
- 41. The World Economy Other ways that countries interact economically Policies that affect other countries Direct Indirect
- 42. The World Economy Other ways that countries interact economically Policies that affect other countries Direct Trade
- 43. The World Economy Aside on Tariffs We will be dealing a lot with these See reading
- 44. The World Economy Aside on Tariffs Tariffs could go up: WTO enforces only upper limits on
- 45. The World Economy Aside on Tariffs 45% of US exports go to developing countries US tariffs
- 46. The World Economy Other ways that countries interact economically Policies that affect other countries Indirect Subsidies
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