A. (10 points)

Explain the concept of globalization and how it is measured. In addition, briefly discuss whether globalization is better measured using flow or stock variables, or both.

 

Do you think that the world is experiencing slowbilisation/ deglobalization? Why? (There is no right or wrong answer, you have to take a stance, but you have to provide arguments supporting your opinion).

 

B. (10 points)

What are the main components of the balance of payments? How are they connected to the Net International Investment Position?

What do they look like for Australia and, in particular, how have they changed in the past ten years in this country relative to the previous years?

Answer rating: 100% (QA)

A Globalization refers to the process of increased interconnectedness and interdependence among countries and societies primarily driven by advancements in technology communication transportation and ... View the full answer