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INTERNATIONAL TRADE - UNIT 1 PPT

Understanding international trade helps in making informed economic and business decisions.

DrMuthuselvi
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INTERNATIONAL TRADE - UNIT 1 PPT

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  1. INTERNATIONAL TRADE UNIT - I DR.N.MUTHUSELVI, ASSISTANT PROFESSOR, DEPARTMENT OF COMMERCE, MANGAYARKARASI COLLEGE OF ARTS AND SCIENCE FOR WOMEN, MADURAI

  2. Introduction to International Trade Exploring the Fundamentals

  3. MEANING: Meaning of International Trade Exchange of goods and services between countries. Key Points: Involves exporting and importing. Facilitates global economy and cultural exchange.

  4. Key Features: Large Scale Operations Exchange of Diverse Goods Use of Foreign Currencies Involvement Regulations Economic Interdependence Features of International of Multiple Trade

  5. Main Objectives: Expand Market Reach Enhance Economic Growth Obtain Foreign Exchange Access to Resources Objectives of International Trade Scarce

  6. Motives for International Motives: Profit Maximization Market Diversification Competitive Advantage Resource Acquisition Technological Advancements Trade

  7. Scope: Domestic (within a country) vs (across borders) Currency: Single currency vs Multiple currencies Regulations: National laws vs International treaties Transportation: Simplified vs Complex logistics Domestic Trade vs International Trade International laws and

  8. POSITIVE ASPECTS: ECONOMIC GROWTH ACCESS TO A VARIETY OF GOODS EFFICIENT RESOURCE UTILIZATION TECHNOLOGICAL TRANSFER ENHANCED DIPLOMATIC RELATIONS Arguments for International Trade

  9. NEGATIVE ASPECTS: DOMESTIC JOB LOSSES DEPENDENCE ON FOREIGN MARKETS EXPLOITATION OF DEVELOPING NATIONS ENVIRONMENTAL DEGRADATION TRADE IMBALANCES Arguments Against International Trade

  10. DEFINITION: GOVERNMENT GUIDELINES GOVERNING INTERNATIONAL TRADE. COMPONENTS: Trade Policy TRADE AGREEMENTS TARIFF STRUCTURES TRADE LAWS IMPORT AND EXPORT REGULATIONS

  11. Concept: Unrestricted exchange of goods and services. Benefits: Lower Prices Increased Efficiency Innovation Economic Growth Challenges: Inequality Loss of Domestic Industries Free Trade

  12. Definition: Measures restrict international trade. Types: Tariff Barriers Non - Tariff Barriers that Trade Barriers

  13. Closing Thought: Understanding international trade helps in making informed economic and business decisions.

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