Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.
Answer:
hi
Explanation:
it was his dad who did it
Military leader with the real power in Japanese government (instead of the Emperor). This system was established by Minamoto Yoritomo as part of the Bakufu. Military style government set up by Yoritomo Minamoto in which the Shogun, a military leader, is in charge of the government.
The price of housing in the United States has remained relatively stable from 1890 to 1997-date of the beginning of the bubble-except for a large period of falling prices that began during World War I -about 1916- and extended during the Great Depression of the 30s until the beginning of World War II. In 1942, still in the middle of the war, prices suffered an important rise that brought them to levels of the early twentieth century. In the 1970s and 1980s two real estate bubbles took place that increased the price and then fell again, until the global real estate bubble that began in 1996 and lasted until July 2006 when the subprime mortgage crisis caused the big drop in prices.
In 1978 consumers get the best deal on a mortgage.-
