MGTA01H3 Lecture Notes - Per Capita Income, Floating Exchange Rate, Fixed Exchange-Rate System
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MGTA01H3 Full Course Notes
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Document Summary
Globalization when economies are becoming a single interdependent system, where the economies are seemingly merging. Imports products made or grown aboard but sold in canada. Exports products made or grown domestically and shipped for sale abroad. International trade took place as far back as 2000 b. c. e. Forces that influence globalization: new technologies for quick international travel, communication, and commerce; firms going international to keep up with its competitors. (nccf) The three regions with largest economies, most influential markets and highest income consumers are: north america, europe, and asia-pacific. Per capita income the average income per person. Per capita income is used by world bank to group countries: High income countries income per capita greater than 10,065. Upper-middle-income countries between 3,255 and 10,065 e. g. Lower middle-income countries between 825 and 3,255. Lower income countries (or developing countries)- less than 825 u. s. e. g. Mexico is known to for its major cheap manufacturing centres, such as for automobiles (with a 23. 6 billion export)
