Explain the three types of flows within international economy in exchanges.

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Explain the three types of flows within international economy in exchanges.
                                       OR
Mention the three types of flows within international economic exchanges during the 19th century.


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Salim Ahmed Kawsar

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(i)  A flow of Trade: Trade in goods, eg., cloth, or wheat, giving shape to a global agricultural economy where food no longer came from a nearby village or town, but from thousands of miles away.

(ii) A flow of Labour:  The migration of people in search of employment is called 'Flow of Labour'. Nearly 50 million people emigrated from Europe to America and Australia in the 19th century. All over the world, some 150 million are estimated to have left their homes, crossed oceans and vast distances over land in search of a better future.

(iii) A flow of Capital Investment:  Long-term or short-term Investment over long distances is called flow of capital investment. Capital flowed from financial centers such as London to build railways and other buildings. 

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