China's market economy is the world's largest economy by nominal Gross Domestic Product (GDP) and Purchasing Power Parity (PPP) according to the IMF. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years.
Showing posts with label international trade. Show all posts
Showing posts with label international trade. Show all posts
November 26, 2015
November 17, 2015
International Trade
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| The Silk Road |
International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. It represents a significant share of gross domestic product (GDP) and has been present throughout history (e.g. The Silk Road).
November 12, 2015
International Economics
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and migration as follows:
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