Beruflich Dokumente
Kultur Dokumente
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Chapter Outline
Basis for International Trade
- Production Possibility Curve
- Principle of Absolute Advantage
- Principle of Comparative/Relative Advantage
Exchange Ratios, Trade, and Gain
Factor Endowment Theory
Chapter Outline
The Competitive Advantage of Nations
A Critical Evaluation of Trade Theories
- The Validity of Trade Theories
- Limitations and Suggested Refinements
Economic Cooperation
- Levels of Economic Integration
Economic and Marketing Implications
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USA
Japan
Case 1
Computer
Automobile
20
10
10
20
Case 2
Computer
Automobile
20
30
10
20
Case 3
Computer
Automobile
20
40
10
20
Table 2.1 provides hypothetical production figures for the USA and
Japan based on two products: the computer and the automobile.
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USA
Japan
Case 1
Computer
Automobile
20
10
10
20
Case 2
Computer
Automobile
20
30
10
20
Case 3
Computer
Automobile
20
40
10
20
Table 2.1 provides hypothetical production figures for the USA and
Japan based on two products: the computer and the automobile.
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USA
Japan
Case 1
Computer
Automobile
20
10
10
20
Case 2
Computer
Automobile
20
30
10
20
Case 3
Computer
Automobile
20
40
10
20
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Factors of Production
labour
land
capital
others (technology, education, etc.)
inequality of relative prices is a function of regional
factor endowments
comparative advantage is determined by relative
abundance of such endowments
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Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
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Michael Porter
The Competitive Advantage of Nations
Determinants of International
Competitiveness
- factor conditions
- demand conditions
- related and supporting industries
- firm strategy, structure, and rivalry
- chance
- government
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Leontief Paradox
Offshoring
Factor Mobility and Substitution
Demand
Marketing
Trade Barriers
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Economic Cooperation
Free Trade Area
- elimination of internal duties
Customs Union
- free trade area + establishment of common
barriers
Common Market
- customs union + removal of restrictions on
movement of production factors
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Economic Cooperation
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Clean technologies.
Addressing higher commodity prices.
Agricultural assistance for combating inflation in food.
Liberalization of world trade.
Greater participation of rising economic powers and
developing nations in the banks governance.
Reconstruction of war-torn countries.
Assists fledging economies to participate in modern
economic trade.
Resolving debt problems of developing nations.
Bringing market economy to former Eastern bloc nations.
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Trade Positions
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