chapter1_international_economics_is_different.pptVIP

[[[[[[[[[[[[ Objectives To master the procedure of International Trade practice To learn how to make required documents To master standard business terms and expressions The Scheme of This course Two parts: In Part Ⅰ we look at why countries trade goods and services. In Part Ⅱ we examine what government policies toward trade would bring benefits and to whom. 1.International trade International trade refers to The exchange activity of commodities and services among different counties. * * exatra explaination: What is international trade International trade, also known as world trade, foreign trade, or overseas trade, is the fair and exchange of goods , services or technologies across national boundaries. Features： The economic interaction Among different nations Involving the exchange of goods and services Including exports and imports 2.Why We Study Trade? we need to understand why people trade so much. We need to understand whether trade is good or bad for us. [[[[[[  Exporter 1 United States 2 Germany 3 Japan 4 France 5 United Kingdom 6 Italy 7 Netherlands 8 Canada 9 Hong Kong** 10 Belgium-Luxembourg 11 China 12 South Korea 13 Singapore** 14 Taiwan 15 Spain Importer 1 United States 2 Germany 3 Japan 4 France 5 United Kingdom 6 Italy 7 Hong Kong* 8 Netherlands 9 Canada 10 Belgium-Luxembourg 11 South Korea 12 China 13 Singapore** 14 Spain 15 Taiwan Two Sides of the Same Coin? The world’s top 15 exporters are also the world’s top 15 importers The suppliers come from U.S. ,Japan, France, Canada, Italy, Australia, South Korea, United Kingdom Even the Boeing 777 Isn’t All American So it is increasingly difficult to say what is a “U.S.” product; what is “Japanese” product. 3.Differences between international trade and domestic trade (1) International trade is typically more costly than domestic trade 国际贸易成本通常比国内贸易成本高 The reason is that crossing a national border typically involves additional costs such as tariffs, time cost