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Compare and contrast globalization as it existed in the late nineteenth century with globa

Compare and contrast globalization as it existed in the late nineteenth century with globalization at the turn of the twenty-first century (i.e., today).

 

36) What are some of the main advantages and disadvantages of the extensive financial and commercial networks linking nations today?

 

37) How has the composition of trade flows changed from the early twentieth century to today? Compared to the past, is anything about trade today new?

 

38) Describe at least three ways that global capital markets are different today from what they were like in the late nineteenth century.

 

39) How is the international economy qualitatively different in the first part of the twenty-first century from what it was like in the first part of the twentieth century?

 

40) Why are high domestic savings rates important?

41) What are the positive impacts of migration on migrants and the firms that hire them?

 

42) What are the negative impacts of migration for the nation receiving migrants?

 

43) Which type of integration requires adapting domestic policies to coordinate with those of trading partners?

 

44) What do economists call movements of labor and capital between nations?

 

 

 

1.3   Twelve Themes in International Economics

 

1) Which region of the world experienced a decade-long crisis and stagnant or even negative growth rates during the 1980s?

A) Latin America

B) East Asia

C) The United States and Canada

D) Europe

E) The European Union

 

2) Which nations does the acronym BRIC stand for?

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