Term
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Definition
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Term
The openness index does not tell us about...? |
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Definition
A country's trade policies or trade barriers. |
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Term
The openness index measures...? |
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Definition
The relative importance of international trade in a nation's economy. |
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Term
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Definition
Reduction or elimination of tariffs, quotas, and other barriers to trade in goods at the border, such as trade-limiting customs procedures. |
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Term
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Definition
Economic integration that goes well beyond removal of formal barriers to trade and includes various ways of reducing the intentional burden of differing national regulations, such as mutual recognition and harmonization. |
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Term
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Definition
Agreements between groups of nations. Includes free-trade agreements and other forms of preferential trade. |
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Term
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Definition
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Definition
The purchase of future physical assets such as real estate or business by a foreign company or individual. |
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Term
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Definition
Citizens or businesses in the home country purchase assets in a foreign country. |
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Term
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Definition
Foreigners purchase assets in the home country. |
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Term
How does FDI now compare to FDI from 100 yrs ago? |
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Definition
The absolute volume of capital flows has increased dramatically. As a share of the world GDP it is probably no more than it was before, may be less. |
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Term
Two goods most protected in higher income/developed nations? |
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Definition
Agricultural products Textiles |
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Term
Determinant of amount of investment in a country depends heavily upon...? |
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Definition
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Term
3 features of contemporary economic relations |
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Definition
Integration Multilateral organizations Regional trade agreements |
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