International economics

Table of Contents

1. Topic pack - International economics - introduction
2. Section 3.1 International trade (notes)
3. Section 3.1 International trade (questions)
4. Section 3.1 International trade - simulations and activities
5. Section 3.2 Exchange rates (notes)
6. Section 3.2 Exchange rates - questions
7. Section 3.2 Exchange rates - simulations and activities
8. Section 3.3 Balance of payments - notes
9. Section 3.3 Balance of payments - questions
10. Section 3.4 Economic integration - notes
    1. Economic integration - introduction
    2. Where does trade occur?
    3. Stages of economic integration
    4. Trade blocs
    5. The effects of trade blocs
    6. Obstacles to achieving integration
    7. Monetary union
    8. Advantages & disadvantages of single currencies
11. Section 3.4 Economic integration - questions
12. Section 3.5 Terms of trade - notes
13. Section 3.5 Terms of trade - questions
14. Print View

Economic integration - introduction

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(investprs.com)

Improved productivity, technological development (e.g. e-commerce) and better transport infrastructures are all contributing to the world becoming more integrated and interconnected. Goods can be produced anywhere and transported to their markets worldwide. 'Off-shoring' means that many services can be run from other countries where the cost base is lower. Increased interdependency makes trade issues even more important.

On the following pages, we look in more detail at the following topics:

• Preferential trade agreements
• Trading blocs
• Trade creation and trade diversion
• Obstacles to achieving integration