Tài liệu nói về Một số câu hỏi liên quan đến kinh doanh quốc tê:exporting countries,importing country như: What are some factors which make a country a more efficient producer? What is theory of comparative advantage? Absolute advantage? What are some advantages of export to an exporting country? What does a government do to encourage export?
INTERNATIONAL BUSINESS What are some factors which make a country a more efficient producer? Natural resources: climate tropical monsoon; Geographical location Human: Labor, Technological development, pool, price cheap, hardworking, economic administration Merchandise& policies Effective production of certain goods: Low costs, high productivity, high output, good quality What is theory of comparative advantage? Absolute advantage? Theory of absolute advantage: The theory of absolute advantage was put forward by Adam Smith It shows that people produce what is of the greatest advantage There is international specialization Theory of comparative advantage (6): The Theory of comparative advantage was put forward by David Ricardo It shows that people produce & export what can be produced more efficiently Mutually beneficial trade arises when one country has a comparative advantage What are some advantages of export to an exporting country? What does a government to encourage export? Advantages to exporting countries Expand the market: Increase domestic production, increase domestic employment, Get more wealth – money Increase product standards/ higher quality product and lower prices Create political & economic relationship Policies: Providing marketing information Providing tax incentive Subsidize export: Dumping, infrastructure: tourism- spend money to build new road, processing export services Find the market, advertise products: join economic hội chợ quốc tế What are some advantages and disadvantages of importing country? What does a government to restrict imports? Advantages of importing countries: more revenue by imposing tariffs, make up shortage of goods; more choices for consumers, lower prices due to more competition -> better price Disadvantages: harm domestic industry such as less market share, less production so it decrease economic growth; decrease employment rate Policy: - Use tax: specific; ad valorem (pay on value of tax -> increase price (tax - Quota: the government limit the quality the value of goods important in a period of time EX: use only import 211 cars-> increase price (limited supply - Protectionism: to make imports non- competitive; protect domestic goods What is BOP? BOT? BOT surplus? BOT deficit? BOT: Balance of trade: is record the activities about import and export of a country BOT deficit: thâm hụt thương mại; The value of exports is less than the value of imports BOT surplus: thặng dư thương mại The value of export is more than the value of imports BOP: Balance of payment is a record of all economic transactions between a country with the other countries in the world in a period of time What is exchange rate? An exchange rate is the rate in which one currency is exchanged for another