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International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 1 Figure 2.1 Adam Smith (1723–1790)

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Presentation on theme: "International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 1 Figure 2.1 Adam Smith (1723–1790)"— Presentation transcript:

1 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 1 Figure 2.1 Adam Smith (1723–1790)

2 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 2 Figure 2.2 A country’s balance of payments

3 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 3 Figure 2.3 Current account balance, selected countries, 1970-2003 (% of GDP)

4 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 4 Figure 2.4 The Louisiana Territory relative to the present continental USA

5 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 5 Figure 2.5 Capital mobility is welfare enhancing

6 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 6 Figure 2.6 GDP per capita and services employment; 82 countries, 2003

7 International Economics: Theory, Application, and Policy, Ch. 2;  Charles van Marrewijk, 2006 7 Figure 2.7 GDP per capita and agricultural employment; 82 countries, 2003


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