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《国际商务英语》考前复习指导
Chapter one
General introduction on international business
Definition of International Business
International business refers to transaction between parties from different countries.
Major types of international business
Trade
visible trade commodity trade
invisible trade service tradeInvestment
foreign direct investment
portfolio investmentOther types
licensing and franchising
management contract and contract manufacturing
turnkey project and BOT
GNP and GDP
Definition
GNP refers to the market value of goods and services produced by the property and labor owned by the resident of an economy. GDP measures the market value of all goods and services produced within the geographic area of an economy.
Difference
The former focuses on the ownership of the products while the latter concentrates the area where the production takes place.
Per capita income and per capita GDP
Per capita income is calculated by dividing its national income by its population.
Per capita GDP is calculated by dividing its total GDP, the overall size of an economy, by its population.
Triad and Quad
United states Western Europe Japan Canada
Regional Economic Integration and Globalization
Major objective of regional integration
The major objectives of regional integration is to better enjoy the benefit of free flow of goods, services, capital, labor and other resources, at the same time possibly put up barriers to economic activities with non-members.
The basic features of Economic Globalization
Free flow of commodity, capital, technology, service and information in the global context for optimized allocation.
Four levels of regional economic integration
Free trade area (FTA)
remove barriers to trade among themselves while still adopts each own external policy
Customs Union
remove barriers to trade among themselves and adopt the same external policy
common market
remo
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