For example a three-minute phone call from New York to London cost two hundred and forty-five dollars in 1930. ... For example, countries all over the world are exporting ten times the amount they did in 1950. ... For example most foreign investment went to Asian countries in the mid 1990's. ... It can lead to the spread of democratic ideals to developing countries, as well as greater interdependence of nation-states. ... Close to three billion people earn less then two dollars US a day. ...

• Word Count: 1667
• Approx Pages: 7
• Grade Level: Undergraduate

People frequently accompany trade and investment flows. y International trade and international investment are two main elements of the growing interdependence of the world's economics commonly referred to as globalization. ... For example, let us assume that there are two countries - A and B. ... In all years since 2001, for example, the share of growth in world merchandise trade held by East and South Asia has outpaced that of all other developing countries combined, and a similar proportion prevails in trade of services. ... Thirty-one out of 45 sub-Saharan African nations are LDCs (a...

• Word Count: 1844
• Approx Pages: 7
• Grade Level: Undergraduate

For example, the US with its sheer power and economic size would be able to have its way with almost any other nation in almost any situation, and thus the other country would be forced to comply with all the demands of the US or give up the trade entirely. ... Two centuries of unilateral trade policy by the United States are characterized by such backward decrees such as the Reciprocal Trade Agreements Act and the Smoot-Hawley tariffs. ... There is a political interdependence between a nation and its trading partners, which is affected by trading policies. When the United States and the Unite...

• Word Count: 1960
• Approx Pages: 8
• Grade Level: Undergraduate