Chapter2 World Trade,An Overview必看课件资料.ppt

2-* Summary The gravity model predicts that the volume of trade is directly related to the GDP of each trading partner and is inversely related to the distance between them. Besides the size of economy and distance, culture, geography, free trade agreement, multinational corporations, and the existence of borders influence trade. 2-* Summary (cont.) 3. Modern transportation and communication have increased trade, but political factors have depressed trade more in history. Today, most trade is in manufactured goods, while agricultural and mineral products made up most of trade in history. In recent years, services in trade played an important role in world trade, and in long run, trade in services may become the most important part of world trade. Homework Problem 4 in p.25. 2-* * The value of trade between any two countries is proportional to the two countries’GDPs. * Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. Slides prepared by Thomas Bishop Copyright ? 2009 Pearson Addison-Wesley. All rights reserved. Chapter 2 World Trade: An Overview 2-* Preview The largest trading partners of the U.S. Gravity model（引力模型）: influence of an economy’s size on trade distance and other factors that influent trade Borders and trade agreements(边界和贸易协定) Globalization(全球化): then and now Changing composition of trade(正在演变的贸易模式) Service outsourcing(服务外包) 2-* Who Trades with Whom(谁和谁贸易)? The largest trading partners of the U.S. The 5 largest trading partners with the U.S. in 2006 were Canada, China, Mexico, Japan and Germany. The total value imports from and exports to Canada in 2006 was about $500 billion dollars. The largest(top) 10 trading partners with the U.S. accounted for 68% of the value of U.S. trade in 2006. 2-* Fig. 2-1: Total U.S. Trade with Major Partners, 2006 Source: U.S. Department of Commerce U.S. trade—measured as the sum of imports and exports—is mostly with 10 major partners. These 10 economies(top 10 trading partners) accounted for 68 percent