Department of Economics Compiled by Prof E Ziramba INTERNATIONAL TRADE Only study guide for ECS302-E UNIVERSITY OF SOUTH AFRICA PRETORIA © 2010 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk‚ Pretoria ECS302E/1/2011 – 2013 iii ECS302-E/1/2011-2013 CONTENTS Page 1 1 1.1 1.2 1.3 1.4 1.5 1.6 INTRODUCTION .......................................................................................................
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Administration-BBA Semester 5 BB0024– Introduction to International Marketing - 4 Credits (Book ID: BO103) Assignment (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q.1 Name and explain with suitable examples‚ three reasons why international marketing is more challenging than domestic marketing. [10 Marks] Ans: Following are the three reasons why International Marketing is more challenging than domestic marketing: 1. Inflation and Price Moderation: Imports can
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International Trade and Finance The United States imports goods and services‚ as well as exports goods and services in the global economy. International trade affects the United States’ Gross Domestic Product (GDP) and domestic markets. The government can affect international trade by imposing tariffs and quotas on imports. Foreign exchange rates affect how much is brought and sold abroad. International trade is beneficial to the United States‚ but sometimes it can be seen as unfair competition
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12 Globalization and International Trade “Globalization” refers to the growing interdependence of countries resulting from the increasing integration of trade‚ finance‚ people‚ and ideas in one global marketplace. International trade and cross-border investment flows are the main elements of this integration. Globalization started after World War II but has accelerated considerably since the mid-1980s‚ driven by two main factors. One involves technological advances that have lowered the costs
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International Trade & Foreign Direct Investment – an economic analysis Table of contents |I Introduction |3 | |II International trade |4-7 | |2.1 Benefits of international trade |4-5 | |2.2 Major trends
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Risks in International Trade & Mitigating Measures What are the different types of risks in international trade? For buyers and sellers that are engaged in international trade‚ they may experience one or more of the following risks: * Buyer’s Insolvency/Credit Risk * Buyer’s Acceptance Risk * Knowledge Inadequacy * Seller’s Performance Risk * Documentation Risk * Economic Risk * Cultural Risk * Legal Risk * Foreign Exchange Risk * Interest Rate Risk * Political/Sovereign
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Chapter 1: Introduction TRUE/FALSE 1. Many of the developing countries of the world experience traffic gridlock. ANS: T DIF: Easy REF: Introduction 2. World trade has grown about 10 percent per year since 1950. ANS: F DIF: Easy REF: 1-1 3. World trade in services representf a higher percentage of total world trade than does world trade in merchandise. ANS: F DIF: Moderate REF: 1-1: Tables 1-1‚ 1-2‚ and 1-3 4. The Bretton Woods Conference triggered the creation of the World Trade Organization
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Table of Contents I. Table Of Contents ……………………………………………………………….1 II. Abstract…………………………………………………………………………..2 III. Introduction (Overview of Trade Theory)…………………………………….....3 a. The Benefit of Trade …………………………………………………........4 b. The Pattern of International Trade………………………………………....5 IV. Mercantilism…………………………………………………………………….....6 V. Absolute Advantage……………………………………………………………......8 VI. Comparative Advantage………………………………………………………........8 a. Qualification and Assumption VII. Hecksher-Ohlin
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International Trade Theories Name Institution International Trade Theories International trade entails the exchange of goods and/or services amongst nations. Such economic exchanges have taken place for several centuries and now‚ more than ever before‚ all countries are becoming an intrinsic part of the world economy. This has led to the increased usage of concepts such as spaceship earth and global village which reflect the fact that the modern marketplace is fundamentally international
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European on Health Systems and Policies The role of health technology assessment in the European Union ENSURING VALUE FOR MONEY IN HEALTH CARE Corinna Sorenson‚ Michael Drummond‚ Panos Kanavos Observatory Studies Series No 11 Ensuring value for money in health care The European Observatory on Health Systems and Policies supports and promotes evidencebased health policy-making through comprehensive and rigorous analysis of health systems in Europe. It brings together a wide range
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