INTL BUS 200 Study Guide - Midterm Guide: Foreign Corrupt Practices Act, North American Free Trade Agreement, World Trade Organization

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In terms of overall percentage, tariffs are not a significant source of revenue for governments in developed nations. Most nations are a part of wto, so tariffs are not that high. The link between lower currency values and increased exports is strong and universal. In other words, in all countries, if the value of their currency falls relative to other nations, their exports to other nations will increase as a result. The nature of the global economy is different today. It used to be true that the link was strong and almost universal. Specialization means that not every country can make things that the world wants at every given time. If it were to hold true it would be in the long run and not the short run. Will take years for investors to recognize this. We don"t feel the currency effect as much as we used to.

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