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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

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International Trade(Econ 314)Dr. ReyadhFaras

Dr. Reyadh Faras

Chapter One: Introduction

Dr. Reyadh Faras

1.1 Importance of International Trade

Dr. Reyadh Faras

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

Dr. Reyadh Faras

Imports of Goods and Services 2009 (% of GDP)

Dr. Reyadh Faras

Exports of Goods and Services 2009 (% of GDP)

Dr. Reyadh Faras

Balance of Trade 2009 (Millions of USD)

Dr. Reyadh Faras

Oil as a Curse

Dr. Reyadh Faras

FIGURE 1-2 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









Dr. Reyadh Faras

الاتفاقيات الاقليمية للتجارة الحرة

العدد السنوي

الاجمالي في حيز التنفيذ

الاجمالي في حيز التنفيذ

العدد السنوي

Dr. Reyadh Faras


دول النافـــتا

الاتحاد الأوروبي


دول مجلس

التعاون الخليجي






العربية الكبرى

دول الآســيان

دول الميكوسور

جنــوب إفريقــيا

Dr. Reyadh Faras

مراحل توسع الإتحاد الأوربي

Dr. Reyadh Faras

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