Research papers on international economics study the integration of world economies. In our increasingly globalized world, international economics affects productivity, imports and exports, technology, and growth rates. Some of the trends in international economics are:
- An increase in international trade
- The use of global telecommunications
- An increase in immigration
- Development of global financial systems
- The development of global business standards
The world is moving towards globalization and you will find in your research papers that no one nation can survive alone on only its own resources. When you write your research paper on international economics, you may want to include some of the concepts you see listed below.
International economics deals with the economic interdependence among nations. Money and Finance are the tools of that interdependence. One aspect of this relationship is embodied in the hegemonic stability theory. This theory argued that the overwhelming dominance of one country was necessary for the existence of an open and stable world economy. This hegemon served to coordinate and discipline other countries so that each could feel secure enough to open its markets and avoid beggar-thy-neighbor policies. The decline of one would be most closely associated with economic closure. Although, this is set in place to positively impact the world, the hegemon is one that benefits economically by having a stake in other, international economies. This theory shows the interwoven nature of international economics, money and finance because the condition of the economy correlates with the monetary and financial situation of a country or international community. The Asian economic crisis was a good example of this. The term suggests and “economic” crisis but, the effect that the lack of liquid capital and other problems associated with the mismanagement of funds caused a catalyst which spread between several regions in the international economic community.