Global interdependence

Trade flows and trade patterns

Visible and invisible imports and exports  visible: actual goods that are sold to other nations, e.g. agricultural goods, extracted minerals, coal, oil and manufactured goods  invisible: services that are sold to their nations. e.g. banking and financial services,...

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International debt and international aid

Nature and problems of debt at the national scale  national deficit occurs when governments annual spending exceeds income it generates through taxes and other means. national debt is accumulation of years deficits. problem for governments with debts is that interest...

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Development of international tourism

UN world tourism organisation (UNWTO) is responsible for promotion of responsible, sustainable and universally accessible tourism. membership includes 156 countries. Responsibilities…  promoting tourism as a driver of economic growth  ensuring environmental...

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