Class0101_Motivation - Econ 370 International Trade (write...

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Unformatted text preview: Econ 370 International Trade (write this down) Anson Soderbery Email: asoderbe@purdue.edu Office: 4040 Rawls Hours: W,F 11:00-12:00 and 2:00-3:00 Course Home: https://webapps.krannert.purdue.edu/kap/ Some reasons I am a fan of trade: Why did I buy this? Part Manufacturer Origin Cost A4 Chip Apple USA 11 Assembly Foxconn?, Quanta, Unknown Taiwan 4 TFT-LCD Screen Sanyo Epson, Sharp, TMD Japan Video processor chip Samsung Korea Touch screen overlay Balda Germany 39 Bluetooth chip Cambridge Silicon Radio UK Chip manufacture TSMC, UMC Taiwan Baseband IC Inneon Technology Germany WIFI Chip Marvell USA 13 Touch screen control chip Broadcom USA CMOS chip Micron USA NOR Flash ICs Intel, SST USA 73 Display Driver chip Naonal Semi, Novatek USA, Taiwan Reasons we should all be interested in trade: Three central questions about globalization 1. How does it occur? 2. What are the consequences? 3. Why does it occur? Globalization: How it occurs Goods market Trade Capital markets Investment Factor markets Migration Intellectual property markets Ideas Policy coordination Whats old? Whats New? Trade and labor migration has existed in one form or another for thousands of years European explorers were looking for better trade routes way back when Multinational firms, intellectual property markets, and vertical specialization in production are all much newer last 40 years Technology makes replication relatively easy (IPR is important you hear about this kid who sold iPhones he made?) It also makes locating your production elsewhere more feasible (multinationals are huge) International Trade Flows Dramatic increase in trade since WWII BUT: the fraction of the economy that is traded is not much higher now than in 1913, prior to WWI AND: trade is concentrated among close neighbors 70% of Mexicos trade, 75% of Canadas trade, is with US...
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This note was uploaded on 02/06/2012 for the course ECON 370 taught by Professor Staff during the Fall '08 term at Purdue University-West Lafayette.

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Class0101_Motivation - Econ 370 International Trade (write...

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