• While both imports and exports have increased, imports have grown more, leading to a large excess of imports over exports which is called as trade deficit (贸易逆差).
1-3
I. What Is International Economics About?
• Nations are more closely linked through trade in goods and services, through flows of money, and through investment than ever before.(随着国际商品和服
Source: Organization for Economic Cooperation and Development 1-7
II. What Is International TБайду номын сангаасade About?
1. What is International Trade
• International trade is the international exchange(国际 交换) of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events.
• There are some types of international trade: