Trade Relations and Globalization

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Across
  1. 4. supranational organization that provides governements with a forum to negotiate trade agreements and oversee trade rules
  2. 7. ensures the stability of the international monetary system that enables countries and their citizens to conduct business with each other
  3. 8. the mutually beneficial trade relationship between two countries that results when they have different comparative advantages
  4. 9. when three or more countries come together to establish collective policies in response to an international challenge
  5. 10. change that occurs with the decline in the percent of workers employed in the secondary sector
Down
  1. 1. places of economic activity clustered around one or more high-growth industries that stimulate economic growth by capitalizing on some special asset
  2. 2. reduces amount of trade barriers present between countries to promote trade between the countries
  3. 3. the relative cost advantages of producing certain goods and services for trade
  4. 5. interconnectedness of countries in the global economy
  5. 6. the belief that open markets and free trade across the globe will lead to economic development everywhere