GS101 Chapter Notes - Chapter 6: Labour Power, International Trade, Hard Power
Document Summary
Intro to international studies chapter 6: international trade and business. Economics - how goods and services are produced, distributed and used. Two major economic tools of foreign policy: Neo malthusians - predict economic ruin, in contrast to the views of those optimists confident to technological salvation. 1) a sustained look at international trade. 2) a glimpse into international business practice, first as carried out by multinational corporations (mncs), and then as evident in different forms of international business dealings, which will also serve as a further study in comparative culture. There are many factors that drive the growth of a national economy. The size and quality of labour power obviously affects what one can do with territory and natural resource endowments at ones workforce is hard-working and well educated. These two qualities help to maximize productivity, which is defined as economic output per worker.
