These are some of the stupid mnemonics I made, lol (which may or may not make sense, but certainly helped me).
FITTM (economic indicators of globalisation
Financial flows, Investment, Trade, technology, migration
FATTIE (reasons for differences between nations)
FATTIE:
F - Financial architecture
A - Aid and assistance
T - Technology flows
T - Trade system
I - Institutional factors
E - Economic resources
CETBERG (BOGS factors)
CETBERG:
C - Capacity constraints
E - Narrow Export Base
T - Terms of Trade
B - International business cycle
ER - Exchange rate
G - Domestic economic growth
BISER (Net primary income factors)
BISER
B - International business cycle
I - International and domestic Interest rates
S - Savings
ER - Exchange rate
G-SLICER (Effects of high CAD)
Risks:
G-SLICER:
G - Economic Growth
S - Servicing costs
L - Foreign Liabilities
I - Investor confidence
C - Contractionary economic policy
ER - Exchange Rate
• factors affecting the demand for and supply of Australian dollars
ROSTIC ICT
R - Interest rates
O - Investment opportunities
S - Speculators
T - Tastes and preference
I - Inflation rate
C - International competitiveness
I - Level of domestic income
C - Commodity prices
T - Terms of trade