Documents

L-11 Trade and Investment

Description
Description:
Categories
Published
of 11
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Share
Transcript
  Trade and InvestmentTheories 4-1  Learning Objectives ã To discuss different approaches to international trade theories that help policy makers achieve economic objectives and improve Global efficiency ã To analyze the current international business environment with reference to these theories 5-2  Free Trade Theories ã Two theories that support free trade  – Absolute advantage theory  – Comparative advantage theory ã Market forces should determine trade  – specialization 5-3  What Is Smith’s Theory of Absolute Advantage? ã Adam Smith (1776) argued that a country has an absolute advantagein the production of a product when it is more efficient than any other country in producing it  – countries should specialize in the production of goods for which they have an absolute advantage and then trade these goods for goods produced by other countries
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x