Chapter 12: International Trade Patterns

Chapter 12: International Trade Patterns

Chapter 13: International Trade Patterns Learning objectives in this chapter: Describing the evolving patterns of international commerce Documenting emerging markets for global exports Examining global trade flows in six major commodity groups

Backdrop Capitalism is in constant political and economic flux (****key interpenetration of these two themes*****) This chapter complements Chapter 12, with a largely empirical description of international trade International trade has gradually expanded in the post WW-II time period, and its growth has generally outpaced GDP expansion (Figure

13.3) Global economic growth has been uneven, and has reflected global recessions and expansions see Figure 13.1, Figure 13.2, Tables 13.1, 13.2 World Economic Growth (% Change in GDP) Share of world output

Table 13.1: Shifting Proportions of World Output 0.3 North America 0.25 Other Western

Hemisphere 0.2 Middle East 0.15 Asia and Oceania

0.1 Western Europe 0.05 E. Europe and Russia 0

1980 1990 2000 Africa World Bank GDP % Change

Figure clearly shows rising rates of exports compared to overall production levels, especially in manufacturing ? What about services? All the evidence we have points to the same trend

Emerging Markets Table 13.2 & Figure 13.3 make the point that globally the developing countries in Asia are the key points of expansion for export markets Post 2000? Text discussion of differences in trade policy

Impact of shift from natural resources to manufactured goods in this bar chart World Patterns of Trade: The United States Note Change in Scale! The Shifting Geography of U.S. Merchandise Trade

Scale must be off high by 1,000 Figure 13.7 U.S. Canada Trade, Figure 13.5 updates this to 2000 Table 13.4 indicates how concentrated U.S. trade is with a few nations U.S. Services Trade Unlike merchandise, the U.S. has a big trade surplus in services Exports include quasi-services such as software

Intellectual property & multimedia Telecommunications Travel business & tourist Financial ??? Offshoring of services??? U.S. Trade in Key Commodities The rise of Airbus, Bombardier (sp?)

Rise of imports from Japan, Korea, Mexico, And Canada U.S. Trade in Key Commodities The shift from a net exporter to a net importer

Canadian Exports: The U.S. Dependence Mismatch in size between U.S. and Canadian economies Canadian Exports: From A Staplesbased economy to diversified products Most trade today is without

tariffs: but lumber exports to U.S. are an exception The EU The largest trading block of countries in

the world see Figure 13.10 Exports are relatively large, given the population of Europe There are several explanations for this: The relative wealth of European countries The small sizes of the countries and their relatively strong reliance on neighbors for markets (like states in the U.S. in many ways) Highly developed transportation system

Germany: Europes Largest Exporter Solid trade surplus Great Britain: More strongly tied to Europe than Germany, but this figures excludes service exports France: Strong European Ties

A more diversified mix of exports and imports than Germany or the U.K. Italy: Much more Strongly Integrated with Europe than Germany, UK, and France Is a gravity model type relationship evidence in %s of exports/imports for Germany, Italy and France? Western Europes Trade Balance

Latin America A divergent set of economies some very stable, others unstable some very poor and others with middle incomes Diverse resource endowments Diverse historical backgrounds Diverse political structures The shift in development strategies from import-substitution to export-led

industrialization Mexicos Exports & Imports Relatively large staples exports Huge U.S. Dependence Ignores services

exports / imports

Recently Viewed Presentations

  • Health of the 3A0X1 Career Field - Ramstein Air Base

    Health of the 3A0X1 Career Field - Ramstein Air Base

    Classifying NSPS Positions Classification is the assignment of a position to: Career group (CG) Occupational code Pay schedules (PS) Pay band (PB) Title Basis for Classification Classification takes into account: A positions level of difficulty The mission of the organization...
  • Addressing the Opioid Epidemic New York State Department

    Addressing the Opioid Epidemic New York State Department

    Complementing the longstanding efforts by Emergency Medical Services agencies throughout NYS, this community capacity comprises trained responders, including opioid-dependent individuals, their families and friends, staff of agencies who work with people who use drugs, law enforcement personnel, firefighters, drug treatment...
  • FY03 IR&D Program Update - Columbia University

    FY03 IR&D Program Update - Columbia University

    b) showcase this technology to potential customers c) Prototype of this adaptive mobility management scheme will be transferred to the business units phase-wise and integrated into ISCP product FY05 IR&D - * Telcordia Technologies Proprietary - Internal use only.
  • Europäische Umweltpolitik - Userpage

    Europäische Umweltpolitik - Userpage

    Referenten: Lisa P., Tabea L. und David H. 9. 12. 2004 Europäische Umweltpolitik Referenten: Lisa P., Tabea L. und David H. 9. 12. 2004 * Zunächst geht es erst einmal darum, was eigentlich unter dem Begriff Umweltpolitisches Instrument bzw. Steuerungsmuster...
  • Fall Regional Workshop -

    Fall Regional Workshop -

    Statewide Assessment Purpose. Nebraska Statue 79.60.03 (a) Determine how well public schools are performing in terms of achievement of public school students related to the state academic content standards;
  • Smoke Free Campus Team briefing What is a

    Smoke Free Campus Team briefing What is a

    The implementation of a smoke-free environment is an important initiative and Box Hill Institute is using a variety of media to communicate this message, including: signage around the campus and perimeter student diary and StudentWeb website email updates to staff...
  • Quarterly Annual Investor Review Superannuation 30 June 2012

    Quarterly Annual Investor Review Superannuation 30 June 2012

    For example, Australian banks are offering around 6% pa fully franked dividends, which grosses up to around 8.75-9% pa for retirees. However, share dividends are still exposed to share price movements. Absolute return investments - the manager has flexibility to...
  • Organizational Behavior 10e - Stephen P. Robbins

    Organizational Behavior 10e - Stephen P. Robbins

    ORGANIZATIONAL BEHAVIOR ... Union Members, and Activists Dominant Work Values in Today's Workforce Values, Loyalty, and Ethical Behavior Hofstede's Framework for Assessing Cultures Hofstede's Framework (cont'd) Hofstede's Framework (cont'd) Hofstede's Framework (cont'd) Hofstede ...