GINS 2010 Lecture Notes - Lecture 1: Speculation, Immigration, Economic Globalization
16 Dec 2016
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Document Summary
Increased integration of production networks via trade and investments. Increased integration of nancial markets and currency exchanges. Increased movement of people (and their labour) across borders: these are global ows that take place in a world divided up into 200+ national states. Global and international collide and interact in the economic aspects of globalization. A bit more detail : int. trade means the movement of goods and services across borders. By 2015, 1/3 of all goods and services produced worldwide were traded across borders. International n. integration means cross-border trading of stocks, bonds, gov. debt papers, and n. speculative instruments. Fin. movements are approximately 20-25 larger than real world economy. International migration refers to the movement of people on temporary or permanent basic across borders. 15 mil. refugees, 120 mil. temporary foreign workers. Narrowly, because your life depends on it: your job or chances of having one, what you can purchase or procure for your life.
