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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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International trade econ 314 dr reyadh faras
International Trade(Econ 314)Dr. ReyadhFaras

Dr. Reyadh Faras


Chapter One: Introduction

Dr. Reyadh Faras



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


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

Dr. Reyadh Faras





Oil as a Curse Living

Dr. Reyadh Faras


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

Dr. Reyadh Faras


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

(عام 2005م)

Dr. Reyadh Faras


أبرز الاتفاقيات الاقليمية في العالم

Main Regional Agreements

EU

NAFTA

EFTA

ASEAN

GCC

APEC

AFTA

Mercosur

Dr. Reyadh Faras


الاتفاقيات الاقليمية للتجارة الحرة

العدد السنوي

الاجمالي في حيز التنفيذ

الاجمالي في حيز التنفيذ

العدد السنوي

Dr. Reyadh Faras


الصـــين الحرة

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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