global interdependence

  • Created by: angela
  • Created on: 15-05-13 14:35

Global Interdependence


1) Visible trade/items: this is the same as tangible goods/items of what you can see and touch of exports and imports

2) Invisible trade/items: this is what we cant touch but are there e.g. services i.e banking, skills, insurance, communication, tourism.

Terms of Trade

  • it refers to the relationship betweeen the price per unit of export and the price per unit of import
  • it reflects the buying capacity of purchasing power of a country's exports

Balancing Trade

  • this refers to the relationship between earnings from…


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