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Q.

Three different types of mobility, or "flows," are recognised by ____ as occurring in global trade.


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Detailed Solution

Three different types of mobility, or "flows," are recognised by economists as occurring in global trade. The first is the flow of work, which mostly meant exchanging goods (such as wheat or cloth) in the nineteenth century. The second is the labour movement, or people moving in pursuit of work. The third is the long-distance transfer of capital for either short-term or long-term investments. All three flows were intricately entwined and impacted people's lives more than ever before. The ties could occasionally be disrupted, as labour migration was frequently subjected to more restrictions than goods or capital flows. But if we consider the three flows collectively, it aids us in better comprehending the global economy of the nineteenth century.
 
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