世界经济概论(英文版)chapter-01-International-Trade课件.ppt
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1、Chapter 1International TradeIn this chapter,well cover:Reasons and Effects of International TradeDevelopment of International Trade TheoriesBenefits of Free TradeTrade BarriersArguments for Trade ProtectionGATT and WTOInternational TradeDefinition:the purchase,sale or exchange of goods and services
2、across national borders Increases the number of goods that domestic consumers can choose fromDecreases the cost of those goods through increased competitionAllows domestic industries to ship their products abroad.Reasons and EffectsWhy do nations trade?The distribution of natural,human,and capital r
3、esources among nations is uneven;nations differ in their endowments of economic resources.Efficient production of various goods requires different technologies or combinations of resources.Products are differentiated as to quality and other non-price attributes.Some people may prefer certain importe
4、d goods to similar goods made domestically.Reasons and EffectsComparative advantage e.g.chartered accountant or painter?Opportunity costNote:absolute advantageReasons and EffectsAn economys annual GDP:C+I+G+(X-M)Trade surplus and trade deficitExports and imports Exchange rate:appreciation and deprec
5、iation competitive devaluationDevelopment of International Trade TheoriesMercantilismAbsolute advantageComparative advantageFactor endowmentsInternational product life cycleNew trade and national competitive advantageDevelopment of International Trade TheoriesH-O model:factors of productionRaymond V
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