International+Trade

International+Trade - InternationalTrade...

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    International Trade National Boundaries and Trade
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    International Trade What does the economic system look  like if we consider nations as economic  units? All about boundaries – the boundaries  between nations
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    International Trade Boundaries Economies within boundaries Doing business across boundaries Barriers at the boundary Opening the boundary to freer trade
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    International Trade Within the National Boundary Competitive Advantage If we consider a nation as a unit in the larger  world economy, how competitive is that nation? What advantages does the nation have as an  economic unit
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    International Trade Within the National Boundary Competitive Advantage Conditions of advantage Factors of production that give a nation an  advantage Natural resources available within nation Trained and capable labour force Capital available for business Social organization as an advantage
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    International Trade Within the National Boundary Competitive Advantage Conditions of advantage Demand Having a market large enough to support  business Having a market wealthy enough to purchase Having a market otherwise ready to purchase
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    International Trade Within the National Boundary Competitive Advantage Conditions of advantage Supporting industries Local suppliers of raw materials or  subassemblies Transportation suppliers Banking and capital management
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    International Trade Within the National Boundary Competitive Advantage Conditions of advantage Strategies, structures and rivalries Competition that forces you to reduce costs,  increase product quality, become more  productive Need for innovation Technology for the network economy
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    International Trade Within the National Boundary Competitive Advantage Consider these various factors to determine the  competitiveness of a national economy But today the local economy grows as it links to  the international economy The international economy is founded on the  technology of a network to increase information  flows
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    International Trade Within the National Boundary Competitive Advantage So we might better look at sectors of  economies within nations Then consider how much the international  information economy touches various sectors  locally
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    International Trade Balance of Trade How well does a nation do in international  trade? Balance of trade 
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International+Trade - InternationalTrade...

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