Chapter 23 - Assignment 1: Globalization Takes Hold

Read the introductory section of the document entitled "Globalization Takes Hold" (by Peter Schirmer and Melissa A. Taylor).

  1. In the first paragraph of this document, it is suggested that developed economies experience larger gains from trade while trading with developing countries than they receive when trading with other developed economies. Why might this be true?
  2. How does the existence of the internet and the World Wide Web facilitate international trade?
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