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☆☆☆☆☆Cards in this guide (9)
Greater capital mobility can help developing countries by providing what
Increased foreign investment
How does the IMF use its loans to attempt to control and fix the economies of countries that need its help
By imposing conditionality
What does the international banking system consist of
A decentralized set of central and private banks
The process of globalization involves an increase in what
The mobility of goods, services, labor, and capital
What is the main difference between developed countries and developing countries
The income level and standard of living
How do developed countries maintain an advantage over developing countries in international trade
They maintain high tariffs on the agricultural goods that many developing countries export.
How might a country respond to a trade embargo
It could pursue a policy of national self-sufficiency.
Why don't developing countries usally benefit from free trade policies
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
How does globalization hurt the United States economy
by bringing wage reductions
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