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商务英语复习笔记
Matthew Effect: 马太效应 [From Bible]
—The Matthew Effect is the phenomenon that the rich get richer and the poor get poorer
Matthew effect (sociology), for fame, status, or economic capitalMatthew effect (education), for how new readers acquire the skills to read
International Trade: (Definition)
It is the exchange of goods and services produced in one country for goods and services produced in another.
Trade for money
Trade for goods – barter
Domestic Trade vs. International Trade
Country / Law/ Money/ Language/ Culture/ Negotiation/ Cost/ Transportation
Types of International trade:
Free Trade: Government imposes no or little tax on import goods.
Bilateral Trade: Trade between two countries.
Transit Trade: Trade among three countries. [Mainland→Hongkong→U.S.]
Barter Trade: Trade in total
Visible trade: Trade without using currency.看得见的
General trade: Goods
Invisible trade: Transport, services, insurance, technology, patent, copyright, tourism.看不见的
Trade surplus: Export Import
Trade deficit: Export Import
Foreign Trade: Trade with other countries
Merchandise 商品 货物 买卖 销售
Trade surplus 顺差 --deficit 逆差(亏损)
Compensation Trade:
Equipment (Contract 1)
A B
U.S dollars
U.S. dollars
Promise supervision
C
Buy back (Contract 2)
Explanation:
A: European countries that want to sell equipment.
B: Chinese companies that don’t have enough U.S dollars and technique.
C: Bank
B→A: Money can be paid back in 4-5 years and effect payment every 6 months.
C→A: If B fails to pay for the equipment, Bank will pay for B.
B→A: Buyback when B can’t sell well in the International Market.
Practice:
Chinese Co. trades with Japanese Co. foreign trade
Both tourism insurance are forms of __ invisible trade ____.
People trade goods or services without the exchange of money. Barter trade
Foreign Co. pro
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