international trade theory and development strategy

and the theory of protection Copyright 2009 Pearson Addison-Wesley. 49 Concepts for Review (contd) Outward-looking development policies Overvalued exchange rate Parallel exchange rate Prebisch-Singer thesis Price elasticity of demand Primary products Product Cycle"s Regional trading bloc Rent Returns to scale Risk Specialization Subsidies Synthetic substitutes Tariffs Trade creation Trade deficits Copyright 2009 Pearson. 31 Trade Strategies for Development: Export Promotion versus Import Substitution The nominal tariff rate, t, is (13.1) Where p is the tariff-inclusive price p is the free trade price Copyright 2009 Pearson Addison-Wesley. 50 Concepts for Review (contd) Trade diversion Trade liberalization Trade optimists Trade pessimists Uncertainty Undervalued exchange rate Uruguay Round Value added Vent-for-surplus theory of international trade Wage-price spiral World Trade Organization (WTO) Copyright 2009 Pearson Addison-Wesley. 45 Concepts for Review Absolute advantage Autarky Balanced trade Barter transactions Capital account Collective self-reliance Commodity terms of trade Common Market Comparative advantage Current account Customs Union Depreciation Devaluation Dual exchange rate Economic Unions Copyright 2009 Pearson Addison-Wesley. 28 Figure.4 Import Substitution and the Theory of Protection Copyright 2009 Pearson Addison-Wesley. 18 The Critique of Traditional Free-Trade Theory in the Context of Developing-Country Experience Fixed Resources, Full Employment, and the International Immobility of Capital and Skilled Labor Challenged by North-South trade models Michael Porters Competitive Advantage theory Vent for Surplus theory Copyright 2009 Pearson Addison-Wesley. 17, the Critique of Traditional Free-Trade Theory in the Context of Developing-Country Experience. 22 The Absence of National Governments in Trading Relations The Critique of Traditional Free-Trade Theory in the Context of Developing-Country Experience The Absence of National Governments in Trading Relations Definite role for State Industrial policy is crafted by governments Commercial policies instruments (tariffs,"s) are.

International Trade Theory and Development Strategy - ppt video
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48 Concepts for Review (contd) Infant industry International commodity agreements Inward-looking development policies Managed float Monopolistic market control Multi-Fiber Arrangement (MFA) New protectionism Nominal rate of protection Nontariff trade barriers North-south trade models Official exchange rate Oligopolistic market control Copyright 2009 Pearson Addison-Wesley. 33 Standard argument for tariff protection Trade Strategies for Development: Export Promotion versus Import Substitution Standard argument for tariff protection Sources of revenue Response to chronic BOP problems Help foster industrial self-reliance Greater control over economic destinies Must be applied selectively and wisely Copyright 2009. 15, the Traditional Theory of International Trade. Presentation on theme: "International Trade Theory and Development Strategy" Presentation transcript: 1, international Trade Theory and Development Strategy. 42 Trade Policies of Developed Countries: the Need for Reform Rich-nation economic and commercial policies matter for LDCs Tariff and non-tariff barriers to LDC exports Adjustment assistance for displaced workers General impact of economic policy 1995 Uruguay Round and WTO Despite 8 liberalization rounds over. 41 forex-trading-kurs insider signal South-South Trade and Economic Integration: Looking Outward and Inward Regional trading blocs (economic unions) and the globalization of trade nafta mercosur sadc asean Local conditions matter Do blocs promote growth or retard the progress of globalization Copyright 2009 Pearson Addison-Wesley. Download ppt "International Trade Theory and Development Strategy". 10, the Terms of Trade and the Prebisch-Singer Thesis.

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