What is the origin of international trade?
The story of the caveman ቤተ መጻሕፍቲ ባይዱakes place on an international basis.
Why trade with other nations?
Advantages
International trade leads to more efficient and increased world production, thus allowing countries (and individuals) to consume a larger and more diverse bundle of goods. A nation possessing limited natural resources is able to produce and consume more than it otherwise could. the establishment of international trade expands the number of potential markets in which a country can sell its goods. The increased international demand for goods translates into greater production and more extensive use of raw materials and labor, which in turn leads to growth in domestic employment. Competition from international trade can also force domestic firms to become more efficient through modernization and innovation.
Part 1 Overview
Bird-eye View, or Tiger-eye View ?
Chapter 1 Introduction to International Trade Chapter 2 International Trade Policy Chapter 3 Trade Bloc and Trade Block Chapter 4 WTO :A Navigation Guide
Chapter1 Introduction to International Trade
1.1Why Do Countries Trade? a) The Origin of International Trade b) Resource Reasons c) Economic Reasons d) Preference Reasons e) Other Reasons 1.2 How Is International Trade Measured? a) Balance of Payments b) FDI
帅建林 编著 对外经济贸易大学出版社 2007年9月，第一版 2012年9月，第二版
Contents
Part 1 Overview Part 2 Terms of International Trade Part 3 International Trade Procedure Part 4 Trade Forms
Why Trade With Other Nations?
Importance
Some nations export only to expand their domestic market or to aid economically depressed sectors within the home economy.
Other nations depend on trade for a large part of their national income and to supply goods for domestic consumption.
In recent years foreign trade has also been viewed as a means to promote growth within a nation's economy. Developing countries and international organizations have increasingly emphasized such trade.
Chapter 1.2 How Is International Trade Measured
How Is International Trade Measured a) Balance of Trade b) Balance of Payments c) FDI
Balance of Trade The balance of trade is a nation’s relationship of exports to imports. favorable balance of trade = trade surplus unfavorable balance of trade = trade deficit
Balance of Payments The balance of payment = the difference between money coming into a country and money going out of the country + money flows coming into or leaving a country from other factors. favorable balance of payments VS unfavorable balance of payments
International Trade Practices
by Shuai Jianlin Southwestern University of Finance & Economics
Text Book: International Trade Practices
（Second Edition)
《国际贸易实务》（英文版）（第二版）