国际贸易Chater_1_Introduction_to_International_Trade.pptVIP

 The Contents of Chapter 1 1.1 What Is International Trade? INTERNATIONAL TRADE: The economic interaction among different nations involving the exchange of goods and services, that is, exports and imports. The guiding principle of international trade is comparative advantage, which indicates that every country, no matter their level of development, can find something that it can produce cheaper than another country. Some concepts: Foreign Trade: From the perspective of one country, international trade is also called ‘foreign trade’. Export and Import: International trade can also un