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Descrição
Mapa Mental por Alessandra VR, atualizado more than 1 year ago
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Criado por Alessandra VR
aproximadamente 9 anos atrás
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International
Trade Theory
- Why nations trade with each other?
- Exchange of products that a country can produce
at low cost for some product that cannot product
at all.
- Consumer in all nations can consume more
- Increase variety of goods available to
consumers and decrease the average
cost
- The size of market expand
- Access to more products
- Exchange of products that a country can produce
at low cost for some product that cannot product
at all.
- Trade theories and
trade flows between
nations
- Mercantilism
- Country best interest to mantain a trade
sulpus, to export more than it imported
- Zero-sum Game: gain by one
country result in loss by another
- China
- Country best interest to mantain a trade
sulpus, to export more than it imported
- Absolute advantage
- Adam Smith
- A country has absolute advantage in the production of a
product when it is more efficient than any other country
- Specialize in the production of goods for which
have absolute advantage
- Do not prouduce goods that can buy at lower
cost from other countries
- Adam Smith
- Comparative advantage
- David Ricardo
- International differences in labor productivity
- Ricardian Model
- David Ricardo
- Comparative advantage
- Michael Porter
- Porter´s Diamond
- Factor endowments
- Demand conditions
- Related and supporting indutries
- Firms strategy, structure and rivality
- Factor endowments
- Degree to which a nation is likely
to achive international success
- Michael Porter
- New trade theory
- World market can only support
a limited number of firms
- Firms that enter the market first
have competitive advantage
- Firms that enter the market first
have competitive advantage
- World market can only support
a limited number of firms
- Heckscher-Ohlin theory
- comparative advantage arise from
differences in national factor endowments
- Different factors edowments expain differences in factor cost
- Different factors edowments expain differences in factor cost
- Export locally abundant goods
Import locally scarce goods
- comparative advantage arise from
differences in national factor endowments
- Product life-cycle theory
- Raymon Veron
- New products are produced in and exporter from
the country in which they were developed
- Start demand in other
countries and import from
the country where the
product was originated
- Demand grow in other countries and they
start producing the product
- The country where the product began lose advantage
- The country where the product began lose advantage
- Demand grow in other countries and they
start producing the product
- Start demand in other
countries and import from
the country where the
product was originated
- Raymon Veron
- Mercantilism
- Importance of implications
of international theories in
business
- Location
- To know where to invest (firms of countries that perform most efficiently
- Find competitive advantage
- To know where facilities should be located
- To know where to invest (firms of countries that perform most efficiently
- First-mover advantage
- To know if it is convinient to invest in an specific industry
- To know if it is convinient to invest in an specific industry
- Government policy
- Trade restictions, tariffs
- Trade restictions, tariffs
- Location
- Does the unresticted trade
between nations will raise the
economic welfare of countries?
- Trade is a positive-sum game in
which all countries that participate
realize economic gain
- Jeffrey Sach and Andrew Warner
- Open economies gre at 4.49% per year
Closed economies grew .69% per year
- Open economies gre at 4.49% per year
Closed economies grew .69% per year
- Wacxiarg and Welch
- countries with open economies increases in
their anual growth rates of 1.5%
- countries with open economies increases in
their anual growth rates of 1.5%
- Biggest economies have free markets
- Jeffrey Frankel and David Romer
- 1% point increase in the ratio
of a country´s trade to its GDP
income per person by at least
.5%
- 1% point increase in the ratio
of a country´s trade to its GDP
income per person by at least
.5%
- Trade is a positive-sum game in
which all countries that participate
realize economic gain
- Arguments that
mantein that goverment
controls some indistries
- Can shape domestic demand through local product standars
- Establish regulations that influence buyers needs
- Can support industries through regulations
- Influence firms rivality
- Establish customs and taxes
- Can shape domestic demand through local product standars
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