The equation for national income accounting is as follows: C – I -G + (X – M)

Japan is blamed for separating the country of Korea into the two halves. 

Lisa Ling and her crew entered North Korea while posing as doctors who were giving free prenatal care to pregnant women.  

(Related to the previous question…) If area B is .5 (again, using same graph as in lecture) then we know we are in a world of: 

Assume we are looking at a linear Lorenz curve. From this we know that: 

The financial sector has become more globalized. There is more capital flowing across borders. But, the developing world has yet to become that involved in this…we are still primarily seeing this activity between industrialized countries. 

A linear Lorenz curve shows a situation where income is divided: 

Unfortunately, data suggests that access to the global marketplace at this point has been primarily limited to just the developed world. 

What term did the Globalization and Covid video use to describe the pattern of Globalization? 

Thailand funded its programs mainly with funds donated from developed nations.