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What Is International Trade?
Difference between international trade and domestic trade
— International trade is typically more costly than domestic trade.
— What are the main items China exports to the U.S. and what does China mainly import from the U.S.?
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International Trade
Reasons for International Trade
Lecture Outline
What Is International Trade? 什么是国际贸易？ Reasons for International Trade 国际贸易的原因 Basics of International Trade 国际贸易的几个基本概念 International Trade Settlement 国际贸易结算 Restrictions to International Trade 国际贸易障碍
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International Trade
What Is International Trade?
International trade is the exchange of goods and services between countries.
Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries.
Absolute Advantage
— A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it. That is, a commodity will be produced in the country where it costs least in terms of resources (capital, land, and labor).
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International Trade
What Is International Trade?
Difference between international trade and domestic trade
— Factors of production such as capital and labor are typically more mobile within a country than across countries. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it.
2. Work in pairs to name some other China’s brands of export commodities you know.
3. Work with your partner to list some foreign brands in Chinese market.
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International Trade
Lead-in Activities
China became the world’s largest exporter overtaking Germany in 2009. Myriads of madein-China commodities sold worldwide have greatly improved the lives of the local people.
10 高等学校英语拓展系列教程
Chapter International
Trade
主 编：任书梅 王璐 副主编：曹颖
外语教学与研究出版社
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Chapter
International Trade
Chapter 10
International Trade
国际贸易
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Chapter
International Trade
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International Trade
Lead-in Activities
1. The following is some of China’s best-known brands of export commodities. Please identify the brand names in Chinese and complete the table.
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Chapter
International Trade
What Is International Trade?
Questions for Discussion
— How is international trade similar to and different from domestic trade?
Absolute advantage and comparative advantage are the primary reason why nations engage in international trade.
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Chapter
International Trade
Reasons for International Trade