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About 1 Trade Lecture Notes
The document provides an overview of international trade and globalization. It discusses how trade has grown tremendously in recent decades due to globalization. While trade has spurred economic growth, it can also cause economic, political, and social disruptions. The US is a top exporter and importer worldwide, with trade imbalances with some countries like China. Nations specialize and trade based on comparative advantages in production. This allows for mutual gains from trade as countries obtain goods they cannot produce as efficiently themselves.
Detailed Information
| Author: | ['ASUPREMEA'] |
|---|---|
| Publication Year: | 2014 |
| Pages: | 11 |
| Language: | English |
| Format: | |
| Price: | FREE |
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