《国际经济与贸易教学讲义》Introduction__Chapter_1_.pptVIP

International Trade Theory and Practice INTRODUCTION-Basic objective of this course To understand basic international theories and concepts; To understand the procedures of international trade; To grasp the professional expressions and terms; To enhance abilities in professional English; Etc. INTRODUCTION-About test 1. There is a written test at the end of the course, which will charge 70% of your total score. 2. Other 30% will depend on your performance in class times through the whole semester and your homework. Chapter 1 An Introduction to International Trade Learning Objectives 1. To understand why international trade takes place; 2. To learn the differences between international trade and domestic trade; 3. To understand the history and importance of international trade; 4. To appreciate the opportunities offered by international trade; 5. To learn the history and importance of China’s foreign trade; 6. To learn the basic concepts in international trade. §1. The need for International Trade ? The differences between international trade and domestic trade The Fundamental characteristic that makes international trade different from domestic trade is that international trade involves activities that take place across national borders. In Particular: ? The differences between international trade and domestic trade 1. Deals might have to be transacted in foreign languages and under foreign laws, customs and regulations; 2. Information may be difficult to obtain; 3. Culture differences have to be taken into account; 4. Control and communication systems are more complex; 5. Foreign currency transactions will be necessary. Exchange rate variations will affect international trade greatly; ? The differences between international trade and domestic trade 6. Risks levels might be higher in foreign market. Risks includes: political risks (imposition of restrictions on imports, etc.); commercial risks (market failure, products not