international trade econ 314 dr reyadh faras
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International Trade (Econ 314) Dr. Reyadh Faras

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International Trade (Econ 314) Dr. Reyadh Faras. Chapter One: Introduction. 1.1 Importance of International Trade. 1.2 International Trade and the Nation’s Standard of Living.

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1 2 international trade and the nation s standard of living
1.2 International Trade and the Nation’s Standard of Living
  • Economic relations between countries are measured by the ratio of their exports and imports of goods and services to their GDP (openness= (Ex+Im)/GDP)
  • Openness is higher for smaller and developing countries, but why? (fig. 1-1)
  • In general, trade grows faster than production (fig.1-2)
  • Standards of living depend on trade:

1) Many raw materials are imported from abroad.

2) Many products if produced domestically will cost more than abroad, so its better to import them.

Dr. Reyadh Faras

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FIGURE 1-1 Imports and Exports as a Percentage of GDP in Various Countries in 2001.

Dr. Reyadh Faras

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Oil as a Curse

Dr. Reyadh Faras

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FIGURE 1-2 Growth of World Production and Trade, 1990-2001 (annual percentage changes).

Dr. Reyadh Faras

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قيم ونسب صادرات السلع لأكبر (12) دولة مصدرة للسلع في العالم

(عام 2005م)

Dr. Reyadh Faras

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أبرز الاتفاقيات الاقليمية في العالم

Main Regional Agreements

EU

NAFTA

EFTA

ASEAN

GCC

APEC

AFTA

Mercosur

Dr. Reyadh Faras

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الاتفاقيات الاقليمية للتجارة الحرة

العدد السنوي

الاجمالي في حيز التنفيذ

الاجمالي في حيز التنفيذ

العدد السنوي

Dr. Reyadh Faras

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الصـــين

دول النافـــتا

الاتحاد الأوروبي

منطقــة

دول مجلس

التعاون الخليجي

العــربية

الحرة

التجارة

اليـابــــان

الهــــــند

العربية الكبرى

دول الآســيان

دول الميكوسور

جنــوب إفريقــيا

Dr. Reyadh Faras

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