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Cultural Influences on International Economic Analysis (I)

In: Cultural Influences on Economic Analysis

Author

Listed:
  • Rongxing Guo

Abstract

It has been broadly assumed that a country’s economic dependence on the outside world is negatively related to its land area.1 This may be illustrated unambiguously by the relationship between the supply and demand of some basic resources for countries differing in size (land area).2 Generally speaking, in comparison to large economies, small economies have a relatively limited variety of natural resources. Therefore, they have to import resources that they lack and that are essential to meeting diversified production and consumption needs. Eventually, the increased imports will stimulate exports in order to attain a trade balance.

Suggested Citation

  • Rongxing Guo, 2006. "Cultural Influences on International Economic Analysis (I)," Palgrave Macmillan Books, in: Cultural Influences on Economic Analysis, chapter 6, pages 104-119, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-20696-0_7
    DOI: 10.1057/9780230206960_7
    as

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