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F86E 35 Economics2: The World Economy
Economics2: The World Economy
F86E 35
Candidate Name: REN LU
Grade and Class: 2013BA1
F86E 35 Economics2: The World Economy
Introduction 3
1. Free trade 4
2. Absolute advantages and comparative advantages 4
3. The benefits of free trade 5
4. The purpose of carrying out trade protectionism . 7
5 .One Mechanism of the World Trade Organization 7
6. One measure of European Union promotes economic integration 8
7. Balance of payments 9
8. The general trends in UK trade over the last 30 year 12
9. The balance of payments affected by exchange rates 13
10. Advantages and disadvantages of fixed rate and floating rate 14
11. Effects of fixed rate and floating rate on individuals and company 16
12. The characteristics of the newly industrialized countries and the developing countries ... 18
13. The issues of the newly industrialized countries and the developing countries 19
14. The influences Multi-National Corporations bring to newly industrialized countries. 19
Conclusion 21
Reference. 22
F86E 35 Economics2: The World Economy
Introduction
This report has introduced the world economics simply. The content includes:
International trade, free trade, Protectionism, the role of WTO and under-developed
nation, UK absolute and comparative advantage, the protectionism and two recent
examples about demonstrate arguments which government may put forward for its
use, two barriers of trade, a EU initiative about the role of the EU in promoting trade,
the composition of the balance of payments, the general trends in UK trade over the
last 30 years, the way which the balance of payments affected by exchange rates, an
analysis of two current issues that face LDCs, and the aid of recent examples about
two impacts of multinationals on NICs and LDC
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