chapter1.Gerneral_introduction.pptVIP

2005-9-13 SEIB OF GDUFS INTERNATIONAL TRADEPRACTICE Chapter One General Introduction Concept of international trade International trade world trade / foreign trade / overseas trade The fair and deliberate exchange of goods and services across national boundaries. Concerning trade operations of both import and export Including the purchase and sale of both visible and invisible goods. 1.1 Reasons for international trade Resource reasons Natural resources Human resources Technology Economic reasons Benefits Comparative advantage (David Ricardo) Economies of scale Other reasons Political reaso