The best rate of climb at a constant gross mass

International economy

1a)Process In which societies’ every aspects  of Economic, political, religious, social, technological) converge toward an International or regional standard.

Although Not all dimensions converge at the same speed (social, cultural or religious): as Globalization is a slow process. But the economic dimension is the fastest Moving.

b)It Concerns accelerating trade and financial flows leading to similar standards of production, consumption and trade. Economic globalization is definitely a Engine for the other dimensions, but we can observe that it can be stopped at Any time by other dimensions as well (social or political)

2.Communication Innovation and cost reduction:  Mass Production of PCs associated with better wireless and cable connection led to Major cost reduction for consumers and companies. Also we have seen that new Business opportunity arose.

But, web Connections remain condensed in the Triad, and are especially slow to reach the Least developed countries

3. HOS Explain specialization in this way: countries specialize in product in which Their relative dotation of factors is better, while importing goods for which They relatively have less factors.

Such as Every country can find an export good into which specialize, because it has a Relative abundance of a factor that is intensively used in the production of The export good

Analysis

1.-Hyperinflation, Is the moment when inflation is very high and usually there is a accelerating Rates of inflation.   The problem is, That the value of the money decreases and people lose money. This makes people Changing to another type of coin, like for example the dollar, for not losing Their acquisitive value.

-Disinflation, Is the slow decrease in the rate of inflation, a slowdown in the rate increase Of the general price level of goods and services in a nations gross domestic Product over time. Disinflation is not considered as a problematic because Prices do not actually drop, and also doesn’t usually signal the onset of a Slowing economy.

2. The J-curve is when there is a depreciation than can take some time to return trade To equilibrium. First the depreciation increases immediately import prices Which swell the trade deficit. But after some time, the new export price Fosters more demand and so the trade balance gets better. This process can take Up to a year and the surplus can last up to 2 years. ---At first imports become More expansive, but then export price-competitiveness kicks in and overcomes.