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International Linkages
Four ways in which economies of different nations link:
- Goods and services flows: Also known as trade flows. Goods and services of one country are imported from and exported to other nations.
- Example: Imported computer chips and cars from Japan; Cup noodles from China; Kim Chee from Korea, etc.
- Example: Imported computer chips and cars from Japan; Cup noodles from China; Kim Chee from Korea, etc.
- Capital and labor flows: Also known as resource flows. Capital of one country, such as machinary, buildings, are imported and exported to other nations, as well as labor.
- Example: American teachers in China; cheap labor from developing countries such as China to well-developed ones; sewing machines from ___ to ____.
- Example: American teachers in China; cheap labor from developing countries such as China to well-developed ones; sewing machines from ___ to ____.
- Information and technology flows: Information and technology transmitted are used across nations.
- Example: Information on U.S. products, prices, interest rates, and investment opportunities of America displayed on the internet and accessed to by other countries.
- Example: Information on U.S. products, prices, interest rates, and investment opportunities of America displayed on the internet and accessed to by other countries.
- Financial flows: Money is transferred between countries.
- Example: Paying for imports; foreign aid from the United States during the post-World War II Marshall Plan
- Example: Paying for imports; foreign aid from the United States during the post-World War II Marshall Plan
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Latest page update: made by optional.xu
, Aug 29 2007, 10:09 AM EDT
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