【精编】托马斯.A.普格尔 国际贸易 英语chap007.pptVIP

Growth in only one factor Rybczynski theorem: (1) an increase in the output quantity of the product that uses the growing factor intensively, and (2) a decrease in the output quantity of the other product.? Figure 7.2 – Single-Factor Growth: The Rybczynski Theorem Changes in the country’s willingness to trade What happen of the size of trade triangle in figure 6.1 when the consumption of wheat decrease? What happen of the size of trade triangle in figure 6.1 when the consumption of wheat increase? Effects on the country’s term of trade Small country A country whose trade (or realistic changes in its trade) does not affect international product price large country a country whose trade (or realistic changes in its trade) affects international product price Small country Is it a small country or big country in Figure 6.1? Large country Case 1: the reduction in the country’s demand for imports. See figure 6.3 How about term of trade in case 1? Improve or deteriorate? Term of trade improves Figure 7.3 – Growth Biased Toward Replacing Imports in a Large Country Large country Case 2: the increase in the country’s demand for imports. Growth in the country’s ability to produce its export goods Immiserizing growth (figure 6.4) Immiserizing growth Definition: national economic growth that, by expanding the country’s willingness to trade, causes such large decline in the country’s terms of trade that the country is worse for growing. Figure 6.4 Case :Dutch disease and deindustrialization What conditions for immiserizing growth happen? Three conditions for Immiserizing growth to happen The country’s growth must be strongly biased toward expanding the country’s supply of exports and the increase in export supply must be large enough to have a noticeable impact on world prices The foreign demand for the country’s exports must be price inelastic so that an expansion in the country’s export supply leads to a large drop in the international price of the export product