International Trade

A growing share of spending on goods and services is devoted to imports from other countries. And a growing share of what countries produce is sold to foreigners as exports.

Foreign Direct Investment (FDI)

Firms based in one country increasingly make investments to establish and run business operations in other countries. Overall world FDI flows more than tripled between 1998 and 2008 and the share of FDI to GDP is generally rising in both developed and developing countries. This is now the largest form of private capital inflow to developing countries.

Capital Market Flows

In many countries (especially in the developed world) savers increasingly diversify their portfolios to include foreign financial assets (foreign bonds, equities, loans), while borrowers increasingly turn to foreign sources of funds, along with domestic ones. While flows of this kind to developing countries also rose sharply in the 2000s, they have been much more volatile than either trade or FDI flows, and have also been restricted to a narrower range of ‘emerging market’ countries.

The best way to deal with the changes being brought about by the international integration of markets for goods, services and capital is to be open and honest about them. Globalisation brings opportunities, but it also brings risks. Advocates for globalisation say that it drives human progress and worldwide economic growth, and they are convinced the emergence of a global market economy will bring unprecedented prosperity to millions. Critics say that without proper rules and restraints, economic globalisation will cause profound consequences affecting democracy, human welfare, local economies and the natural world.

Навчальне видання

ДІЛОВА ІНОЗЕМНА МОВА

(АНГЛІЙСЬКА МОВА)

Методичні рекомендації

до вивчення дисципліни та виконання

контрольних робіт для студентів 3 курсу

галузі знань 0305 Економіка та підприємництво

заочної та скороченої форм навчання

Укладачі: Шапран Людмила Юліївна

Чередниченко Галина Анатоліївна

Куниця Людмила Іванівна

86