Category: Forex Trading

  • 18 4: The Circular Flow of Income

    We now include the government into our simplified model of the economy. An important development was John Maynard Keynes’s 1933 publication of the General Theory of Employment, Interest and Money. Keynes’ assistant Richard Stone further developed the concept for the United Nations (UN) and the Organisation for Economic Co-operation and Development to the systems, which…

  • Economic Globalization: Advantages and Disadvantages

    One example of this issue is a duty and taxes paid on imported goods originating in the U.S. when purchased in Canada. Canadians use shipping service receptacles at locations like Point Roberts, WA to get around this tax simply because the laws haven’t globalized like our access to goods. When we’re able to move toward…