introduction part one
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Introduction
Part One
Introduction
International Trade Growth
International Trade Milestones
Largest Exporting and Importing Countries
International Trade Drivers
International Trade Theories
The International Business Environment
Introduction
International Trade Growth
International Trade Milestones
Largest Exporting and Importing Countries
International Trade Drivers
International Trade Theories
The International Business Environment
International Trade Growth
Year Exports Imports
1980 364.30 400.40
1985 381.80 399.30
1990 783.20 817.90
1995 1190.80 1200.10
2000 1457.30 1453.10
2004 2125.00 2095.000
500
1000
1500
2000
2500
1980 1985 1990 1995 2000 2004
Exports
Imports
International Trade Growth
Year Exports Imports
1980 364.30 400.40
1985 381.80 399.30
1990 783.20 817.90
1995 1190.80 1200.10
2000 1457.30 1453.10
2004 2125.00 2095.000
500
1000
1500
2000
2500
1980 1985 1990 1995 2000 2004
Exports
Imports
From Wikipedia Commons and http://www.freeworldmaps.net/
http://atheism.about.com/od/ancientmythologyreligion/ig/Lebanon-Phoenician-Photos/Phoenician-Sea-Trade-Commerce.htm
Introduction
International Trade Growth
International Trade Milestones
Largest Exporting and Importing Countries
International Trade Drivers
International Trade Theories
The International Business Environment
International Trade Milestones
The Bretton-Woods Conference (July 1944)
International Trade Milestones
The Bretton-Woods Conference (July 1944): created the International Monetary Fund in 1945.
International Trade Milestones
The Bretton-Woods Conference (July 1944): created the International Monetary Fund in 1945.--Provided for an international payment system.
International Trade Milestones
The Bretton-Woods Conference (July 1944): created the International Monetary Fund in 1945.--Provided for an international payment system.--Provided for stable currency exchange
rates.
International Trade Milestones
General Agreement on Tariffs and Trade (GATT), 1949–94
Tariffs
Tariffs
Country A
Country B
Tariffs
Country A
Country B
$50
Tariffs
Country A
Country B
$50
Tariffs
Country A
Country B
$50
$75
Tariffs
Country A
Country B
$50
$75
Tariffs
Country A
Country B
$50
$75
Tariffs
Country A
Country B
$50
$75
Tariffs
Country A
Country B
$50
$75
Tariffs
Country A
Country B
$75
+ 30$50
Tariffs
Country A
Country B
$75
$80
Tariffs
Country A
Country B
$75
$80
Tariffs
Country A
Country B
$75
$80
Protectionism
.
Tariffs
Country A
Country B
$75
Tariffs
Country A
Country B
Country C
Tariffs
Country A
Country B
Country C
International Trade Milestones
General Agreement on Tariffs and Trade (GATT), 1949–94, resulted in gradual reduction of average tariff from over 40% in 1947 to about 4% in 2002.
Tariffs
Country A
Country B
Country C
Tariffs
Country A
Country B
Country C
Tariffs
Country A
Country B
A small country, which willwill have little effect on world trade, can help its domestic or homeindustries grow by keeping outforeign imports
Advantages
Tariffs
Country A
Country B
Labor unions liketariffs or protectionismbecause it allows themto negotiate high-wagejobs which are protectedfrom foreign products madein countries with lower laborcosts and lower prices.
Advantages
A small country, which willwill have little effect on world trade, can help its domestic or homeindustries grow by keeping outforeign imports
Tariffs
Country A
Country B
Labor unions liketariffs or protectionismbecause it allows themto negotiate high-wagejobs which are protectedfrom foreign products madein countries with lower laborcosts and lower prices.
Advantages
A small country, which willwill have little effect on world trade, can help its domestic or homeindustries grow by keeping outforeign imports
Governments get revenue from tariffs
Tariffs
Country A
Country B
Disadvantages
Consumers in thehome country payhigher prices.
Tariffs
Country A
Country B
$75
.
Tariffs
Country A
Country B
$75
+ 30$50
Tariffs
Country A
Country B
$75
+ 30$50$45
Tariffs
Country A
Country B
$75
$75
Tariffs
Country A
Country B
$75
$75$70
.
Tariffs
Country A
Country B
$75
$75
International Trade Milestones
General Agreement on Tariffs and Trade (GATT), 1949–94, resulted in gradual reduction of average tariff from over 40% in 1947 to about 4% in 2002.
International Trade Milestones
The World Trade Organization (January 1995)
International Trade Milestones
The World Trade Organization (January 1995)
The Treaty of Rome (March 1957)
International Trade Milestones
The Creation of the euro • Common currency of twelve of the twenty-five
countries of the European Union. • Developed in the early 1990s.• Placed in circulation on January 1, 2002.• Replaced eleven strong legacy currencies.• One of the strongest currencies of the world.
End of Part One of Introduction
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