Economics 19
- Created by: Gabrielle
- Created on: 30-12-13 14:39
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- Global Economy
- Emerging market economy
- where per-capita income is in the middle to low range compared to other global economies
- Valuable resources
- Developing international standards
- Issues with corrpution/human rights
- Present opportunities, hit and run strategies
- Single European Market
- a market throughout which labour, capital and goods move freely
- Common Currency area
- A geographical area throughout which a single currency circulates as the medium of exchange
- Benefits increase if there is a high degree of trade integration
- Cyclical Defecit
- Government income and expenditure is disrupted by the normal economic cycle
- Structural Deficit
- not dependent on movements in the economic cycle
- Outsourcing – contracting out a part of the business’ operations to another organization
- Globalization – growth in interdependence amongst world economies from removal of regulations
- Emerging market economy
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