Answered: Briefly describe the factors behind the…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 35P: If trade increases world GDP by 1 per year, what is the global impact of this increase over 10...

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Briefly describe the factors behind the emergence of the New International Division of Labor. How has it affected globalization? How has it affected development?

Why is it more useful to understand the New International Division of Labor as a deepening of the division of labor, rather than simply the relocation of manufacturing to cheaper countries?

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