Global marketing chapter 2 session 4 moghimi university of georgia

20 %
80 %
Information about Global marketing chapter 2 session 4 moghimi university of georgia
Education

Published on September 30, 2013

Author: bmoghimi

Source: slideshare.net

Description

Global Marketing Chapter 2 Session 4 MOGHIMI University of Georgia

B.Moghimi@yahoo.co.uk B.Moghimi@yahoo.co.uk

Chapter 2 Trade Theories and Economic Development Bahman Moghimi (MA, DBA)Bahman Moghimi (MA, DBA) B.Moghimi@yahoo.co.uk

Chapter Outline  Basis for International Trade - Production Possibility Curve - Principle of Absolute Advantage - Principle of Comparative/Relative Advantage  Exchange Ratios, Trade, and Gain  Factor Endowment Theory B.Moghimi@yahoo.co.uk

Chapter Outline  The Competitive Advantage of Nations  A Critical Evaluation of Trade Theories - The Validity of Trade Theories - Limitations and Suggested Refinements  Economic Cooperation - Levels of Economic Integration  Economic and Marketing Implications B.Moghimi@yahoo.co.uk

Basis for International Trade  Principle of Absolute Advantage - a country should export a commodity that can be produced at a lower cost than can other nations - or import a commodity that can only be produced at a higher cost than can other nations B.Moghimi@yahoo.co.uk

Basis for International Trade  Principle of Comparative/Relative Advantage - a country should export either a product with the greatest comparative advantage (or with the least comparative disadvantage) - or import either a product for which it has the greatest comparative disadvantage (or the least comparative advantage) B.Moghimi@yahoo.co.uk

Factor Endowment Theory  Factors of Production - labor - land - capital - others (technology, education, etc.)  inequality of relative prices is a function of regional factor endowments  comparative advantage is determined by relative abundance of such endowments B.Moghimi@yahoo.co.uk

Michael Porter The Competitive Advantage of Nations  Determinants of International Competitiveness - factor conditions - demand conditions - related and supporting industries - firm strategy, structure, and rivalry - chance - government B.Moghimi@yahoo.co.uk

B.Moghimi@yahoo.co.uk Michael Porter The Competitive Advantage of Nations

Validity of Trade Theories  Leontief Paradox – Tendency for countries with similar endowments to trade among themselves  Offshoring  Factor Mobility and Substitution  Demand  Marketing  Trade Barriers B.Moghimi@yahoo.co.uk

Levels of Economic Cooperation  Free Trade Area  Customs Union  Common Market  Economic and Political Union  Political Union B.Moghimi@yahoo.co.uk

Economic Cooperation  Free Trade Area - elimination of internal duties  Customs Union - free trade area + establishment of common barriers  Common Market - customs union + removal of restrictions on movement of production factors B.Moghimi@yahoo.co.uk

Economic Cooperation  Economic and Monetary Union - common market - + harmonization of national economic policies - + one money  Political Union - harmonization of national political policies B.Moghimi@yahoo.co.uk

16

Add a comment

Related presentations

Related pages

Global marketing chapter 2 session 4 moghimi university of ...

1. B.Moghimi@yahoo.co.uk B.Moghimi@yahoo.co.uk 2. Chapter 2 Trade Theories and Economic Development Bahman Moghimi (MA, DBA)Bahman Moghimi (MA, DBA) B ...
Read more

Global marketing chapter 2 session 4 moghimi university of ...

Global Marketing Chapter 2 Session 4 MOGHIMI University of Georgia. Global Marketing Chapter 2 Session 4 MOGHIMI University ... Chapter 2 Global Marketing ...
Read more

Management Session 3 chapter 2 Moghimi - Education

... 3 chapter 2 Moghimi, University of Georgia. ... Session 3 chapter 2 Moghimi, University of ... Global marketing chapter 2 session 4 moghimi ...
Read more

University of Georgia Outdoor Complexes Manual - Documents

University of Georgia Recreational Sports Outdoor Complexes Operations ... 2 Table of Contents PURPOSE… ... Leadership; Technology; Education; Marketing ...
Read more

Georgia History Chapter 4 - Documents - docslide.us

Georgia History Chapter 4. GEORGIA’S PREHISTORIC PAST: CLUES OF THE FIRST PEOPLE. Prehistoric Age. ... Marketing; Design; More Topics. Search; Home ...
Read more

1 John Hopkins University (Baltimore, Maryland) 2 Georgia ...

... (Atlanta, Georgia) 3 Duke University (Durham, North Carolina) 4 ... 1 John Hopkins University (Baltimore, Maryland) 2 Georgia Institute ... Marketing ...
Read more

Global Economic Summit 2014

Mumbai once again gears to host the 4 th edition of the Global Economic Summit, ... Iran & Georgia Joint Council of ICCIMA. Ms. Moghimi is ... 2 Million Sq ...
Read more

Official Newsletter of the International Society of ...

2. Voluome 8•mNbr1I mSmAme1IP ims. BOARD OF DIRECTORS. MESSAGE FROM THE EDITOR. PRESIDENT. Carlos Uebel, MD, PhD Porto Alegre, RS, Brazil carlos@uebel.com.br
Read more