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8 Cards in this Set
- Front
- Back
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IMF |
International monetary fund |
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WTO |
World trade organization |
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NAFTA |
North American free trade agreement |
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GATT |
General Agreement on tariffs & Trade |
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Global economy |
All economies of the world & the expansion of products between these countries. (incl. Globalization of production, markets, communications.) =allows trade to happen between borders |
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Globalization |
The process of interaction among people, companies and governments worldwide |
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How is the supply of rand created? |
- importing goods & services - expenditure (South Africans traveling overseas) - paying interest to foreign loaners & investors (dividends) |
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How is demand for rand created? |
- South African goods being exported - South Africans providing services to foreigners - foreign tourists' receipts |
