A loss of comparative advantage.......
Globalization leads to interdependence among nations because it brings some nations money and others are brought into poverty. Globalization is good and bad for any nation.
Growing international trade and rising standards of living
Businesses began selling their goods to other countries
The economies of the world are all dependent on one another, because of these trade practices and agreements they've outlined. The trade agreements keep each country of the world accountable for their own economies and for the peaceful exchange of goods and services across the world. It is this exchange and interdependence that keeps the global economy afloat and working.
The growth of the service industry has been one of the results in the West of increased global economic competition. A car mechanic and a waitress are two examples of service industry jobs.
Globalization leads to interdependence among nations because it brings some nations money and others are brought into poverty. Globalization is good and bad for any nation.
Growing international trade and rising standards of living
fiscal policy can be used to stimulate economic activity by increasing spending. this is done by reducing taxes and increasing government spending to increase supply and demand which has a flow on effect for individual spending.
There has been a decline in economic productivity in countries affected by AIDS.
Businesses began selling their goods to other countries
Businesses began selling their goods to other countries.
There has been a decline in economic productivity in countries affected by AIDS.
It makes trading with other countries much more harder.
The economies of the world are all dependent on one another, because of these trade practices and agreements they've outlined. The trade agreements keep each country of the world accountable for their own economies and for the peaceful exchange of goods and services across the world. It is this exchange and interdependence that keeps the global economy afloat and working.
Which of the following was not an economic effect of colonization? Global economic development
The Trade Feedback Effect trade feedback effect The tendency for an increase in the economic activity of one country to lead to a worldwide increase in economic activity, which then feeds back to that country. An increase in U.S. imports increases other countries' exports, which stimulates those countries' economies and increases their imports, which increases U.S. exports, which stimulates the U.S. economy and increases its imports, and so on. This is the trade feedback effect. In other words, an increase in U.S. economic activity leads to a worldwide increase in economic activity, which then ―feeds back to the usa
The growth of the service industry has been one of the results in the West of increased global economic competition. A car mechanic and a waitress are two examples of service industry jobs.