There are several economic flows that link one country’s economy to other national economies and these are:
- Resource flows or Capital and labor flows– One country can establish its capital in a foreign countries. Labor force also moves from one country to another. Each year millions of people move to other countries.
- Trade flows or Goods and service flows- To improve their economic situation countries import and export goods and services.
- Financial Flows- Money is transferred between countries because of several reasons: paying for imports, paying interest on debt, providing aid for some countries.
- Informational and technology flow- Countries transmit each other information about their prices of goods and services, investment opportunities. Countries use one others technology in order to have the most efficient output.
Let’s take for example Latvian economy.
My son is studying economics too. I shall pass on the link to him. Very nice blog – lovely presentation!
I try to post here the best information i find. I’m pleased that you like it!
Hi there, just became aware of your weblog by means of Google, and located that it is actually informative. I’m gonna watch out for brussels. I will appreciate should you continue this in future. Lots of folks will likely be benefited from your writing. Cheers!
I discovered your blog website on google and verify a couple of of your early posts. Continue to preserve up the superb operate.
I like your writing style, which is simple but very meaningful!
Some genuinely good and utilitarian information on this internet web site , likewise I feel the layout has wonderful capabilities.