chapter1大多数(阅读).pptVIP

《Import Export Practices 》 Teaching plan first semester----Chapter 1-5 Second semester----Chapter 6-10 Teaching methodology 1) 60% English 40% Chinese Due to some abstract economic terms and theories Hard to understand totally in English Therefore, examples in Chinese will be used to help comprehend 2) Only two periods every week information is huge unimportant and information you can understand easily will be cancelled or read by yourself Chapter One International trade In this chapter background information concerning international trade will be given Study: reasons benefits problems as well as arguments against the international trade Reasons for International Trade Definition of international trade exchange of goods and services between countries exchange of capital, goods and services across international borders or territories In most countries (China, Japan, Britain) such trade represents a significant share of gross domestic product (GDP). picture about the rank of international trade /wiki/International_trade 2) Major reasons: Domestic non-availability of resources Lacks the climate, raw materials , specialist labor, technology needed to manufacture a particular good e.g. China needs to import much oil from middle east to sustain its economic development Principle of comparative advantage Definition: A situation?in which?a country, individual, company or region can produce a good at a lower opportunity cost than a competitor Maximize its economic wellbeing even if it has the resources for the goods and services they need (manufacture products they are good at to exchange the product they need through international trade) e.g. Japan-producing cars (tech-intensive) India-producing cotton (labor-intensive) Japan will u