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What are current trends and the advantage it provides for the global economy?
Wiki User
∙ 13y ago
Improved communication - Facilitates international business and trade
Reduction of trade barriers - Allows for a greater mobility of goods and labor
Development of infrastructure - Reduces production and transportation costs
Industrialization - Reduces production and transportation costs
apex.
Wiki User
∙ 13y ago
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1 Discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
What is meant by the phrase supply in global economy?
What is meant by the current description of the global economy that "time in distance have been collapsed or compressed
What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the current global economy?
outsourcing
How is the current global economy affecting REI?
manufactures raise their prices REi raise thiers
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