Key concepts

Order Details;

Please define each of the selected four concepts and provide a relevant empirical illustration of the concept. Students receive a maximum of two points for definition and two points for illustration; with an additional one point for quality and readability.

Choose four (4) from the list below.

  1. Balance of Power
  2. Comparative Advantage
  3. Economic Interdependence
  4. Foreign Direct Investment (FDI)
  5. International Financial Institutions (IFIs)
  6. World Trade Organization
  7. Terms of Trade
  8. Core-Periphery Relations
  9. Washington Consensus
  10. Liberalism