• Gains from Trade
– Each trading country gains – Within a country, some gain but some lose
• Pattern of Trade
– Who trade with whom for what? – Inter-sectional v.s. intra-sectional trade
6
TRADE IN THE GLOBAL ECONOMY
1
1 International
Trade
2 Migration and Foreign Direct
3 Conclusion
Chapter Outline
• International Trade
The Basics of World Trade
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Learning Objectives
• Understand how and why flows of different types of trade occur between different types of countries.
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Introduction
• Globalization
Flow of goods and services across borders Movement of people and firms Spread of culture and ideas between countries Tight integration of financial markets
▪ Map of World Trade ▪ Trade Compared to GDP ▪ Barriers to Trade
• Migration and Foreign Direct Investment
▪ Map of Migration ▪ Map of Foreign Direct Investment
• Government Effect of Policy on Trade • Multinational Cooperation and Foreign Direct
Investment (FDI)
3
Traditional Trade Theory
• Smith’s Absolute Advantage • Ricardian Comparative Advantage
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Organization of Text
5
Top World-class Trade Economists
• Theory
– Bhagwati – Grossman – Helpman – Krugman – Staiger – Melitz
• Empirics
– Baldwin – Feenstra – Leamer – Trefler – Blonigen – Penny Goldberg
• Realize the trend of trade over time and the reason for it.
• Understand the different types of trade including goods, services, migration, and foreign direct investment.
• Heckscher-Ohlin Theory • Viner’s Specific Factors Model
• Krugman’s Increasing Returns to Scale Model • Feenstra’s Product Variety Model • Melitz’s Intra-industry Trade
• Conclusion
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Learning Objectives
• Understand basic terms and concepts applied to international trade.
• Understand the basic ideas of why countries trade.
Office Hours答疑时间: 周一15:30-16:30
Email:
mjyu@
Telephone:
6275-3109
Fax:
6275-1475
Course Web: /courses/trade10.html
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What do we study in Trade?
4
Top 10 Research Topics (Theoretical & Empirical)
• Heckscher-Ohlin Model (Leontief Paradox) • Trade in Intermediate Goods, Wages, and Outsourcing • Increasing Returns and the Gravity Equation • Gains from Trade and Regional Trade Agreement • Import Tariffs and NTBs ( Dumping, Quotas, and Subsidies) • International Political Economy of Trade Policy • Trade and Endogenous Growth • Multinationals and Organization of the Firm • Trade and Environment • Trade and Geography
Slides prepared by Thomas Bishop
国际贸易 International
Trade
Dr. Miaojie Yu CCER
Peking University
联系信息 Contact Information
Instructor 教师:
余淼杰博士
Office办公室:
郎润园621