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IEP-Chapter 1-1.ppt

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Import&ExportPracticesLecturer:HanGuohuaE-mail:eileen123456@126.comAssessementoftheCourse:Homework:20%Classattendence:10%Finalexam.:70%ReferenceBooksImport&ExportPracticesImport&ExportPracticesChapter1InternationalTradeTopicsObjectives:
Studentsshouldunderstandthegeneralframework,definitionsofinternationaltrade,reasonsforhavinginternationaltradefordifferentcountries,benefitsofinternationaltrade.Warm-upquestions:
Warm-upquestionsforChapter1:
Whatisinternationaltrade?
Whycountriesareconductinginternationalbusinesseswithoneanother?
Howmanyreasonscanyougivetoexplainthisphenomenon?
Whatarebenefitsofinternationaltrade?
1.Aboutinternationaltrade:
Internationaltrade,alsocalledforeigntrade,worldtradeoroverseastrade,inessence,isthefairanddeliberateexchangeofcommodityandserviceacrossnationalboundaries.Itincludesimportandexporttradeoperations.2.Theappearanceofinternationaltradearises
formanyreasons:
1)Thedifferentdistributionoftheworld’sresourcesdeterminesthepatternsofworldtrade.
2)Climateandterrainaffectthecultivationofsomeagriculturalproductsanationcanproduceandtradeinternationally.
3)Theskilledworkersandcapitalresourceshelpdeterminewhatanationisabletoproduceandtradewithothernations.
4)Withthedevelopmentofmanufacturingandtechnology,therearoseanothermotivation,economicbenefit,fornationstotrade.
5)Politicalobjectivescansometimesoutweigheconomicconsiderationsbetweencountries,etc.
3.ItsroleinthesystematizationofEconomics:
Microeconomics
EC		Macroeconomics
		Internationaleconomics					InternationalTrade	
			InternationalFinance
4.WhatdoesITstudy?
ØThegainfromtrade
Whencountriessellgoodsandservicestooneanother,thisisalmostalwaystotheirmutualbenefit-thatistosay,therearegainsfromthetrade.
ØThepatternoftrade
Cloth,machine,toy,tech.,oil,tulip,soybean,etc.
ØPolicychoice:Balancebetweenfreetradeandprotectionism
Era		Reason		Choice
15-17c	Accumulate	Protectionism
18c		Expanse	Liberalism
1930s	EconomicCrisisProtectionism
War-afterMutualbenefit	Liberalism
5.Usefulinformationsites:
http://www
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