TAILIEUCHUNG - Lecture International business (11/e) - Chapter 3: Theories of international trade and investment

After completing this chapter, students will be able to: understand the theories that attempt to explain why certain goods are traded internationally, comprehend the arguments for imposing trade restrictions, explain the two basic kinds of import restrictions: tariff and nontariff trade barriers, appreciate the relevance of the changing status of tariff and nontariff barriers to managers,. | Theories of International Trade and Investment McGraw-Hill/Irwin International Business, 11/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. chapter three Learning Objectives Explain the theories that attempt to explain why certain goods are traded internationally Discuss the arguments for imposing trade restrictions Explain two basic kinds of import restrictions: tariff and nontariff trade barriers 3- Learning Objectives Appreciate the relevance of changing status of tariff and nontariff barriers to managers Explain some of the theories of foreign direct investment 3- International Trade Theory Mercantilism Economic philosophy based on belief that (1) a nation’s wealth depends on accumulated treasure, usually gold, and (2) to increase wealth, government policies should promote exports and discourage imports 3- Theory of Absolute Advantage Absolute advantage Theory that a nation has absolute advantage when it can produce a larger amount of a good or service for the same amount of inputs as can another country or When it can produce the same amount of a good or service using fewer inputs than could another country 3- Absolute Advantage Each Country Specializes Example 3- Absolute Advantage Terms of Trade (Ratio of International Prices) Gains from Specialization and Trade 3- Theory of Comparative Advantage Comparative Advantage A nation having absolute disadvantages in the production of two goods with respect to another nation has a comparative or relative advantage in the production of the good in which its absolute disadvantage is less 3- Theory of Comparative Advantage Example Each Country Specializes 3- Comparative Advantage Terms of Trade – at a rate of ¾ bolt of cloth for 1 ton of soybeans Terms of Trade – at a rate of 1 bolt of cloth for 1 ton of soybeans Gains from Specialization and Trade 3- Comparative Advantage Production Possibility Frontiers (figure ) Figure 3- Heckscher-Ohlin Theory .

• Kinh tế học
• International business
• Lecture International business
• International environmental forces
• Organizational environment
• International trade
• Foreign direct investment
• International business terminology
• International business model
• Ebook International business
• International business enterprises
• Global strategy
• Multinational enterprise
• International politics
• International culture
• Quản trị kinh doanh quốc tế
• Bài giảng Quản trị kinh doanh quốc tế
• International business international business managementmanagement
• Kinh doanh quốc tế
• Toàn cầu hóa
• International monetary system
• World bank
• International competitive strategy
• Competitive advantage
• Kinh tế quốc tế
• Global business
• World output
• International financial markets
• Capital market
• Currency values
• International strategy
• Identify mission
• Screening markets
• Analyzing international opportunities
• Managing international operations
• Production strategy
• Textbook on International trade
• Business law
• Textbook on International trade and business law
• International commercial dispute settlement
• International business transactions
• International marketing
• International operations management
• International financial management
• International strategic management
• International strategic alliances
• Lecture International Business Fundamentals
• Bài giảng Kinh doanh quốc tế
• International Business Trends
• Subprime mortgage
• Global business activity
• The Global marketplace
• Introduction to business
• Business systems
• Environment of business
• Business enterprise
• Business essentials
• International business management
• Cross cultural business
• Culture matters
• Business ethics
• Political ideologies
• Business government trade relations
• Political motives
• Legal forces
• International legal forces
• Marketing internationally