Buy custom The Growth of Globalization
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2747 |
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One little-noticed, but important consequence of free capital mobility is to totally undercut. Comparative advantage argument for free trade in goods, that argument was explicitly and essentially premised on capital being immobile between nations. But the conventional wisdom seems to be that if free trade in goods is beneficial, then free trade in capital must be even more beneficial! In any event, it no longer makes sense to think of national teams of labor and capital in the global economy...
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But the conventional wisdom seems to be that if free trade in goods is beneficial, then free trade in capital must be even more beneficial! In any event, it no longer makes sense to think of national teams of labor and capital in the global economy. The globalization debate is not about whether it exists; it's about what globalization is, what its consequences are, and what kind of framework we can develop for the world to accommodate it...
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General points of the essay
Discuss the advantages and disadvantages, to the participating countries and the rest of the world, of forming a free trade arrangement. China, Japan and Korea are now undertaking preliminary research into the formation of a free trade area. Withi...
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