托马斯.A.普格尔 国际贸易 英语chap007.pptVIP

Chapter 7 Growth and Trade What’s the sources of long-run economic growth? Balanced versus biased growth Growth in only one factor Changes in the country’s willingness to trade Effects on the country’s term of trade Technology and trade Economic growth expansion over time in the capabilities of an economy to produce goods and services. What’s the sources of long-run economic growth? Increase in countries’ endowments of production factors Improvements in production technologies Balanced versus biased growth Balanced growth the ppc shifts out proportionally so that its relative shape is the