Change: world trade: vital for countries with restricted resources and domestic markets, which need to import goods to satisfy the citizensGross domestic product (GDP)= the market value of all the domestic goods and servicesDependencewhen one nation relies on another for resources   View changes from previous version. (Word count: 62)

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Change:  Hungary, Czech RepublicSpecialization and Comparative AdvantageSpecialization allows for overall increase in output and incomeProduction Possibilities AnalysisAssumptions and Comparative CostsTerms of Trade: a mutually beneficial agreement in which each benefits better than they would if they were to continue domestic production by itself   View changes from previous version. (Word count: 251)

Change: financial flows - money is transferred for many purposesThe United States and World TradeVolume and PatternDependenceTrade PatternsRapid Trade GrowthTransportation technologyCommunications technologyDecline in tariffsParticipants in IntternationalInternational TradeUS, Japan and Western EuropeNew participantsSpecialization and Comparative AdvantageProduction Possibilities Analysis   View changes from previous version. (Word count: 93)

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Change: Created by welkerjason Aug 20 2007, 11:39 PM EDT for: no reason given