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Whatdoesinternationalbusinessreferto?Pleasetell
thedifferencebetweeninternationalbusinessand
domesticbusiness.
1.Internationalbusinessreferstotransactionsbetween
partiesfromdiffirentcountries.
Therearefourmajordiffrencesbetweeninternational
businessanddomesticbusiness:
1)differencesinlegalsystem
2)differencesincurrencies
3)differencesincuturalbackground
4)differencesinnaturalandeconomicconditions
Pleaseexplainthedifferencesbetweenvisibletrade
andinvisibletrade.Whichisbecomingmoreand
moreimportantandaccountsforanincreasing
proportionininternationaltrade?
2.Commoditytrade,i.eexportingandimportinggoods
producedormanufacturedinonecountryfor
consumptionorresaleinanother.Thiskindoftradeis
alsoreferredtovisibletrade.Invisibletradeisinthe
formoftransportation,communication,banking,
insurance,consulting,informationetc.Invisibletrade
isbecomingmoreandmoreimportantandaccounts
foranincreasingproportionininternationaltrade.
Canyoucitesomeexamplestoillustratecultural
differencesininternationalbusiness?
3.Culturaldifferencesincludinglanguage,customs,
traditions,religion,value,behavioretc.
Pleaseelaborateonthetwocategoriesofinternational
investment.Whatistheirmajordifference?
4.ForeigndirectinvestmentsorFDIforshortismadefor
returnsthroughcontrollingtheenterprisesorassets
investedinahostcountry.
Portfolioinvestmentreferstopurchasesofforeign
financialassetsforapurposeotherthancontrolling.
Whatislicensing?Whydofirmssometimeschooseit
asmeansofenteringaforeignmarket?
5.Inlicensing,afirmleasestherighttouseits
intellectualpropertytoafirminanothercountry.
Firmschooselicensingbecausetheydonotwantto
makecashpaymentstostartbusiness,andcansimply
receiveincomeintheformofroyalty.Besides,they
canbenefitfromlocationaladvantegesofforeign
operationwithoutanyobligationsinownershipor
management.
Whatisfranchising?Howisitdifferentfrom
licensing?
6.Underfranchising,afim,calledthefranchisee,is
allowedtooperateinthenameofanother,calledthe
franchiserwhoprovidestheformerwithtrademarks,
brandname,logos,andoperatingtechniquesfor
royalty.
Incomparisionwiththerelationbetweenthelicenser
andthelicensee,thefranchiserhasmorecontrolover
andprovidesmoresupportforthefranchisee.
Whatisamanagementcontract?Underwhat
conditionsisitmostapplicable?
7.Underamanagementcontract,onecompanyoffers
managerialorotherspecializedservicestoanother
withinaparticularperiodforaflatpaymentora
percentageoftherelevantbusinessvolum.
Whenagovernmentforbidsforeignownershipin
certainindustriesitconsiderstobeofstrategic
importancebutlackstheexpertiseforoperation,
managementcontractsmaybeapracticalchoice
enablingaforeigncompanytooperateintheindustry
withoutowningtheassets..
Whatisaninternationalturnkeyproject?Inwhat
wayisitsvariantBOTdifferentfromit?
8.Foraninterantionalturnkeyproject,afirmsignsa
contractwithaforeignpurchaserandundertakesall
thedesigning,contractingandfacilityequipingbefore
handingitovertothelatteruponcompletion.
ForaBOTproject,afirmoperateafacilityfora
periodoftimeafterbuildingitupbeforefinally
transferringittoaforeigncompany.
Makingprofitfromoperatingtheprojectforaperiod
isthemajordifferencebetweenBOTandthecommon
turnkeyproject.
Franchise:anarrangementbywhichamonopoly
producerorownergivesanotherpermissionforthe
exclusiverighttomanufactureorselltheproductsin
certainarea.
Royalty:moneypaidtotheownerofacopyrightfr
permissiontopublishcopyrightmaterialandtothe
ownerofapatentforpermissiontouseapatenteddesign,
usu,atanagreedpercentageofthesellingpriceofthe
product.
Patent:aspecialrighttoaninventortobetheonly
persontomakeandsell,ortoauthorizeotherstomake
andsellanewly-inventedmachineorprocess.
Non-tariffbarries:allformsofman-madeobstructions
tointernationaltradeotherthantariffs,including
prohibitionsandquotas,etc.
Portfolio:theentirecollectionofinvestmentsintheform
ofstocks,bonds,orcertificateofdepositsforpurposes
otherthancontrolling.
Thrnkeyproject:oneinwhichoneofthepartiesagrees
tosupply,atthecontractprice,acompleteproductready
foruse,suchasanewhome,factory,ship,etc.
Budget:anaccountofprobablefutureincomeand
expenditureduringastated,period,usu,ayearusedasa
guideinmakingfinancialarragements.
Return:thegainfromaninvestment,eitherasincomeor
yieldorasprofitonthesaleoftheinvestment.
Expertise:expertknowledgeorskill,esp.inaparticular
field;know-how
Licensor:apersonorcompanygrantingalicence
1.國際貿易一般指不同國家的當事人進行的交易,它
涉及到許多因素,因而比國內貿易要復雜得多。
Internationalbusinessreferstotransactionbetween
partiesfromdifferentcountries,itinvolesmorfactors
andthusismorecomplicatedthandomesticbusiness.
2.隨著經濟一體化進程的發(fā)展,很少人和公司能完全
獨立于國際商務之外而存在。因此,在此方面具有一
定的知識是十分必要的,這既有益于企業(yè)的發(fā)展又有
益于個人的進步。
Withthedevelopmentofeconomicglobalization,few
peopleorcompaniescancompletelystayawayform
internationalbusiness.Someknowledgeinthisrespectis
necessarybothforthebenefitofenterprisesandpersonal
advancement.
3.其他參與國際貿易的形式有管理合同、承包生產和
“交鑰匙”工程。
Otherformsforpaticipatingininternationalbusinessare
managementcontract,contractmanufaturingandturnkey
project.
4.國際貿易最初以商品貿易的形式出現(xiàn),即在一國生
產或制造商品而出口或進口到另一國進行消費或轉
售。
Internationalbusinessfirsttooktheformofcommodity
trade,i.e.exportingandimportinggoodsproducedor
manufacturedinonecountryforsonsumptionorresalein
another.
5.除了國際貿易和投資,國際許可和特許經營有時也
是進入國外市場的一種方式。
Besidestradeandinvestment,licensingandfranchising
aresometimestakenasameansofenteringaforeign
market.
二、
ExplaintheconceptsofGNPandGDPrespectively
andpointouttheirmajordifference.Canweuse
theminterchaeably?
1.GNPreferstothemarketvalueofgoodsandservices
producedtythepropertyandlaborownedbythe
residentsofaneconomy.
GDPmeasuresthemarketvalueofallgoodsand
servicesproducedwithinthegeographicareaofan
economy.
ThedifferencebetweenGNPandGDPisthatthe
formerfocusesonownershipofthefactorsof
productionwhilethelatterconcentratesontheplace
whereproductiontakesplace.
ThedifferencebetweenGNPandGDPcanbeignored
sinceitisverysmallinmostcases,sowecanuse
theminterchangeably.
Whataremeantbyhighincome,middleincome,and
lowincomecountriesaccordingtotheWorldBank?
Citesomeexaplesforeachgroup.
2.Thoseenjoyingannualpercapitaincomeof$9386and
aboveareclassifiedashigh-incomecountries.This
groupcomprisesthreetypesofcountries.
a)mostmembersoftheOrganizationforEconomic
CooperationandDevelopment(OECD)
b)richoilproducingcontriesofthemiddleeast
(Kuwait,SaudiArabia,UnitedArabEmirates).
c)Small-industrializedcountriesorregionssuchas
Israel,Singapore,HongKongandTaiwan.
Countrieswithannualpercapitaincomebelow$9386
butabove$765areregardedasmiddle-income
countries.
1)mostEastEuropeancountriesandmostmembersof
theCommonwealthofIndependentStates,six
OECDmembers.(Czech,Greece,Hungary,Mexico,
Turkey)
2)quiteanumberofLatinAmericancountriesand
somecomparativelydevelopedcountriesin
Asia.(Indonesia,Malaysia,thePhilippines,
Thailand)
3)AmongtheAfricancountries,SouthAfricaand
oil-producingLibya,NigeriaandAlgeria.
Lowerincomecountriesarethosethathavepercapita
incomesofonly$765orevenless.
1)MostAfricancontries,someAsiancountriesanda
fewLatinAmericancountries.
Whyarehighincomecountriesimportanttotrade
andinvestment?Shouldweneglectlowincome
countriesininternationalbusiness?
3.High-incomecountriesoftenhavegoodinfrastructure,
highpurchasingpower,advancedtechnology,efficiet
management,andfavorableenvironmentfortradeand
investment.Theyofferprimemarketsforexpensive
consumergoodsandarebothattractivesourcesand
destinationsofinvestment.
Weshouldnotneglectlowincomecountriesin
internationalbusiness,becausetheyconstitutemarkets
forlower-pricedstaplegoods,providecheaplaborand
areoftenrichinresources.Whatismoreimportant,
marketissomethingtobedeveloped.Oncetapped,the
businesspotentialofthesecountrieswillonedaybecome
realbusinessopportunities.
InwhatdifferentwaysareGDPandpercapita
incomesigniflcantinassessingthepotentialofa
particularmarket?
4.TotalGDPindicatestheoverallsizeofaneconomy
whichisimportantinmarketassessmentfordurable
equipmentorbulkgoodssuchasgrain,steel,or
cement.PercapitaGDPrevealstheaverageincome
levelofconsumers,whichisimportantwhen
marketingconsumerdurables.
Waschinaalow-incomecountryafewyearsago?
Howaboutnow?
5.Chinawithapercapitaincomeofover$1100isa
middle-incomecountrythoughitwasalowincome
countryjustafewyearsago.
Whatdoestheterm“Traid”referto?Whatismeant
tyQuad?
6.ThetermTriadreferstothethreerichestregionsofthe
worldtheUnitedStates,theEuropeanUnionand
Japanthatofferthemostimportantbusiness
opportunities.
SomepeopleextendthescopeofTriadtoinclude
CanadaandnamethebroadenedgroupingQuad.
HowmuchdoyouknowaboutOECD?Pleasemakea
briefaccount.
7.OECDmeansOrganizationofEconomicCooperation
andDevelopmentwasestablishedin1961bythe
majorcapitalimcountrieswiththeheadquarterinParis.
Ithas29membercountries,amongwhich,23ofthem
arehigh-incomecountriesandtheothersare
middle-incomecountries.
WhatisthebestpolicyforChinatodevelopbusiness
opportunites?
8.Thebestpolicyistodevelopbusinessopportunities
whereveradvantageouswhilekeepinginmindthekey
markets.
Tap:totakewhatisneededform,toexploit
PPP:purchasintpowerparity
Consumerism:considerabledesiretomakepurchasefor
consumption
Recipient:apersonoranorganizationetc.thatreceives
something
Pruchasingpower:ofpersons,thepublic,havingthe
moneytobuygoodsandservices
Average:ofanordinary,commonorusualkindin
qualityoramount
Spur:tourgeorencourage
Productive:producinginhighefficiencyorinlarge
quantity
Assess:tojudgeanamountorvalue
Infrastructure:large-scalepublicservices,suchas
waterandpowersupplies,road,railandradio
communications,etc.neededtosupporteconomic
activity,esp.industry,tradeandcommerce
國民生產總值和國內生產總值是表明一國收入的兩個
重要概念。區(qū)別在于前者強調的是生產要素的所屬權
而后者著重于進行生產的國家。
GNPandGDParetwoimportantconceptsusedto
indicateacountry5stotalincome.Thedifferencebetween
GNDandGDPisthattheformerfocusesonownership
ofthefactorsofproductionwhilethelatterconcentrates
ontheplacewhereproductiontakesplace.
要估評某一市場的潛力,人們往往要分析其收入水平,
因為它為那里居民的購買力高低提供了線索。
Inassessingthepotentialofamarket,peopleoftenlook
atitsincomelevelsinceitprovidescluesaboutthe
pruchasingpowerofitsresidents.
世界各國被世界銀行分為三大領域:高收入國家,中
等收入國家和低收入國家。
CountriesoftheworldaredividedbytheWorldBank
intothreecategoriesofhigh-income,middle-incomeand
low-incomeeconomies.
中國現(xiàn)在的年人均收入為1100美元以上,但幾年前它
還是個低收入國家。
Chinawithapercapitaincomeofover$1100isa
middle-incomecountrythoughitwasalowincome
countryjustafewyearsago.
就中國來說,周圍還有其他應特別關注的市場,如亞
洲四小虎、東盟國家、俄羅斯等國,這些國家都具有
前景看好的市場潛力,能為中國提供很好的商機。
SofarasChinaisconcerned,othermarketsweshould
payparticularattentiontoarethosearoundus:theFour
Tigers,theASEANcountries,Russia,India,andabit
fartherawayAustralia.
1.Whatisafreetradearea?Makeabriefaccountof
themostnotablefreetradeareaintheworld.
Membersofafreetradearearemovesharriestothe
flowofgoodsandservicessmongthemselveswhile
eachmemberstilladoptsitsownpolicyasregardsto
tradewithoutsiders.
ThemostnotablefreetradeareaistheNorthAmerican
FreeTradeAgreement(NAFTA),thelargestfree
marketformedbytheUnitedStates.
2.Inwhatwayisacustomsuniondifferentfroma
freetradearea?
CustomsUnionthatgoesastepfurtherbyadopting
thesametradepolicyforallthememberstoward
countriesoutsidetheirorganizationinadditionto
abolishingtradebarriersamongthemselves.
3.Whatarethecharacteristicsofacomonmarket?
Whichorganizationremainedacommonmarket
forsomeyearsinthepast?
Besidesfreemovementofgoodsandservicesand
adoptionofcommonexternaltradepolicy,factorsof
productionsuchaslabor,capitalandtechnologyare
freetomoveamongmemberssothattheycanbe
utilizedinamoreefficientandproductiveway.
Inthepast,theEuropeanCommunityremaineda
commonmarketforsomeyears.
4.Howmuchdoyouknowaboutaneconomicunion?
Canmembersofaneconomicunionkeepallof
theirnationalsovereignty?
Economicunionischaracterizedbyintegrationofthe
domesticpoliciesofitsmembersinrespectof
economy,financeetc.inadditiontoabsenceoftrade
barriers,practiceofcommonexternalpolicyandfree
productionfactormobility.
Themembercountriesofaneconomicunionare
requiredtosurrendersomeoftheirnational
sovereignty.
5.Makeabriefaccountoftheoriginand
developmentoftheEU.
Itshistorydatesbacktotheearlypost-waryears.The
firstcommunity,theEuropeanCoalandSteel
Community(ECSC)wasestablishedin1952whichset
thestageformoreambitiousintegrationefforts.The
signingofthemonumentalTreatyofRomein1957
markstheestablishmentoftheEuropeanEconomic
Communitywiththeaimofgraduallyrealizingthe
freemovementofgoods,services,laborandcapitalas
wellastheharmonizationofeconomicpoliciesofthe
membercountries.Tenyearslaterin1967,the
EuropeanCommunitywasformedbymergingEEC,
ECSCandtheEuropeanAtomicEnergyCommunity
(EURATOM).1992wasalandmarkyearinthe
developmentoftheECwhenitbecameatruecommon
marketasenvisagedbytheSingleEropeanAct.Then
onJanuary1,1994theEuropeanUnion(EU)came
intobeingonthestrengthoftheMaastrichtTreaty.
6.WhatisthemostpowerfulinstitutionoftheEU?
WhatistheexecutivebodyoftheEU?Howdoesit
operate?
ThemostPowerfulinstitutionoftheEUistheCouncil
ofMinisters.Ithasthefinalsayonallimportant
matters.Decisionsofthecouncilaremadebyvotes
allocatedtomembercountriesonthebasisoftheirsize.
Differentministersattendthecouncilmeetings
dependingonthemattersdiscussed.
ItsexecutivebodyistheEuropeanCommision
composedof20commissionersoverseeing23
departmentsinchargeofdifferentaffairs.
7.Explainbrieflythefivelayerorganizational
structureofAsia-PacificEconomicCooperation.
l)ThefirstistheInformalMeetingofEconomic
leadersheldannually.
2)ThesecondistheDual-MinisterialMeetingattended
byforeignministers(excludingChineseTaipeiand
HongKong)andministersinchargeofforeigntrade.
3)ThethirdistheMeetingforMinistersResponsible
forTrade.
4)ThefourthistheSeniorOfficialsMeeting(SOM)
attendedbyviceministers,departmentaldirectorsor
ambassadorstoimplementdecisionsbyeconomic
leadersandministerialmeetings.
5)Thefifthlayerreferstothefoursubordinate
committeesunderSOM,i.e.CommitteeofTradeand
Investment,EconomicCommittee,Economicand
TechnicalCooperationSubcommitteeofSOMand
BudgetManagementCommittee.
8.WhatarethetenetandobjectivesofAPEC?What
ismeantbyitstwowheels?
APEC-Asia-PacificEconomicCo-operation,itstenet
andobjectivesare"inter-dependence,mutualbenefits,
adheringtoanopenandmultilateraltradingsystem
andreductionofregionaltradebarriers”.
APECco-operationconcentratesontradeand
investmentliberationandfacilitation(TILF)and
economicandtechnicalcooperation(ECOTECH)that
arecommonlytermedas“thetwowheelsofApec”.
9.WhatarethenatureandobjectivesofOPEC?
ThenatureofOPECisacommoditycartel.
Byassigningproductionquotasamongitsmembers,
OPECtriedtolimittheoverallcrudeoilsupplyofthe
worldforthepurposeofmaintaininghigheroilprices.
Veto:righttorejectorforbidsomething
Detour:routethatavoidsablockedroad,deviation
Erode:wearaway,eatinto
Integration:combingintoawhole
Liberalization:oftrade,theactofgovernmentinlifting
controlsoverimportsandexports
Tariff:taxleviedbythecustoms
Envisage:picture(anevent,action,etc)inthemindasa
futurepossibility;imagine
Banknote:printedpapermoneyissuedbyabank,usu.
Thecountry5scentralbank
Mobility:capacitythatcanmoveorbemovedeasilyand
quicklyfromplacetoplace
Barriertotrade:anyactionbyagovernmenttolimitor
preventthefreeflowofgoodsinandoutofitscountry
1.過去的兒十年,地區(qū)經濟一體化越來越重要。
Thepastdecadeswitnessedincreasinglygrowing
importanceofregionaleconomicintegration.
2.最著名的自由貿易區(qū)是北美自由貿易區(qū),它是由美
國、加拿大和墨西哥于1991年建立的。
ThemostnotablefreetradeareaistheNorthAmerican
FreeTradeAgreement(NAFTA),itwasformedbythe
UnitedStates,CanadaandMexicoin1991.
3.經濟聯(lián)盟的成員國不僅要在稅收、政府開支、企業(yè)
策略等方面保持一致,而且還應使用同一的貨幣。
ThemembersofanEconomicUnionarerequirednot
onlytoharmonizetheirtaxation,government
expenditure,industrypolicies,etc.,butalsousethe
samecurrency.
4.歐洲委員會是歐盟的管理機構之一,此機構將提議
呈交給部長理事會做決定,并監(jiān)督各成員國根據所
制定的條約履行自已的義務。
EuropeanCommissionisoneoftheadministration
institutionsofEuropeanUnion,ithandsoverthe
proposestothecouncilofMinistersfordicisionand
overseesmembercountriestoimplementtheir
obligationsaccordingtotheenactingclauses.
5.APEC建立于在澳大利亞首都堪培拉召開的一次部
長級會議上。當時有12位成員國出席,分別為澳大
利亞、美國、加拿大、日本、朝鮮、新西蘭和東盟
六國。
APECwassetupattheMinisterialMeetingheldin
theAustraliancapitalCanberraattendedby12
membersofAustralia,theUnitedStates,Canada,
Japan,RepublicofKorea,NewZealandandsix
ASEANcountries.
四、
1.Whatarethebasicfeatureandmajorroleof
economicglobalization?
Withthebasicfeatureoffreeflowofcomodity,capital,
technology,service,andinformationintheglobal
contextforoptimizedallocation,economic
globalizationgivingnewimpetusandproviding
opportunitiestoworldeconomicdevelopmentand
meanwhilemakingthevariouseconomiesmoreand
moreinterdependentandinteractive.Ithasbecomean
objectivetrendinworldeconomicdevelopment.
2.Mentionsomeoftheprosandconsofeconomic
globalization.Whatistherightattitudetowardit?
Economicintegrationenablescountriesbenefitfrom
theboomofothercountriesbutalsomakesthemmore
vulnerabletotheadverseeventsacrosstheglobe.
Thebestpolicyforusistofollowthetrendclosely,
availingtheopportunitiesitofferstodevelopourselves
andavoidingitspoosibleimpacts.
3.Whatistheformaldeflnitionofamultinational
enterprise?Howcanyoutellwhethera
multinationalcorporationisaparentorjustan
affiliate?
Atypicalmultinationalenterpriseshallbedefinedasa
businessorganizationwhichowns(whetherwholyor
partly),controlsandmanagesassets,oftenincluding
productiveresources,inmorethanonecountry,
throughitsmembercompaniesincorporatedseparately
ineachofthesecountries.
IftheMNCistheoriginalinvestingcorporation,itis
knownastheparentMNC,whichisnormallyalsothe
internationalheadquartersoftheMNE.
IftheMNCisestablishedasaresultofinvestmentsby
theMNE,whetherthroughtheparentorthrough
anotherofitsalreadyestablishedMNC,itisan
affiliateMNC.
4.DescribebrieflythecharacteristicsofMNEs.
a.enormoussize
b.widegeographicalspread
c.longevityandrapidgrowth
5.Whatistheecommonlyrecognizedobjectiveof
MNEs?
Likemostbusinessorganizations,MNEsareformed
forprofit.
6.WhyissecuritysoimportanttoMNEs?
ProfitisuselessifitcannotbesecuredbytheMNE
andtransfeeedwhereveritsodesires.
7.Doyouthink“widegeographicalspread”ofMNEs
playsaveryimportantroleinthedevelopmentof
theirbusiness?Why?
a.enablesthemhaveawiderangeofoptionsinterms
ofdecisionsinareassuchassourcingandpricing.
b.Moreabletotakeadvantageofchangesinthe
internationaleconomicenvironment.
c.EnableMNEstoengageinworldwideintegrated
productionandmarketinggivingrisetoextensive
intra-MNEtransactionswhichconstituteavery
significantproportionoftotalinternationaltrade.
8.WhatistherelationshipbetweenMNEsandtheir
hostcountries?
HostgovernmentscananddowieldpoweroverMNCs
locatedwithintheirterritories.MNCsareunderthe
legaljurisdictionoftheirhostgovernmentswhichcan
imposevariousrules,regulations,andlawsonthe
MNCstotheextentofnationalizingalltheirassets.
9.Whatarethefourtypesofmultinational
enterprises?Describeeachofthembriefly.
a.multi-domesticcorporationthatisagroupof
relativelyindependentsubsidiaries.
b.Globalcorporationswhichoperatesunderan
oppositeprinciplefromthefirsttypeandviewsthe
worldmarketasanintegratedwhole.
10.Aretheremanyworldcompaniesatpresent?
Imaginetheirfutureroleincompleteglobalization?
No,veryfewcompanies,ifany,havereachedthis
levelofinternationalization.
Whensuchcompaniesbecomedominating,the
possiblilityofconflictsamongsovereignstatesmaybe
greatlyreduced.Possiblytheywillbeinstrumentalto
therealizationofcompleteglobalization.
Revenue:thetotalannualincomeofastate
Decentralize:distributetheadministrativepowersovera
lessconcentratedarea
Nationalize:tobringunderthecontrolorownershipofa
nation
Input:somethingthatisputinbusinessoperation
Welfare:well-being
Framework:organizationstructure
Facilities:somethingdesigned,builtorinstalledtoserve
aspecificfunctionorperformaparticularservice
Affiliate:asubsidiarycompanycontrolledbyanother
Worldcompany:amultinationalwhosenationalidentity
hasbeenblurred
Assets:totalresourcesofabusiness,ascash,accounts
receivable,realestatesetc.
1.經濟全球化為世界經濟發(fā)展提供了新的動力和機
會,同時也使各經濟體更加相互依賴、相互影響。
Economicglobalizationisgivingnewimpetusand
providingopportunitiestoworldeconomic
developmentandmeanwhilemakingthevarious
economiesmoreandmoreinterdependentand
interactive.
2.跨國公司是在一個以上國家擁有、控制和經營資產
的商業(yè)組織。
Multinationalenterpriseisabusinessorganization
whichowns,controlsandmanagesassetsinmorethan
onecountry.
3.許多人歡呼經濟全球化帶來的好處,但同進也有強
烈的反對聲音。
Whilemanypeopleareacclaimingthebenefits
broughtaboutbyeconomicglobalization,thereare
alsoloudvoicesofopposition.
4.跨國公司的內部交換占整個國際貿易的一個很大的
比例。
Intra-MNEtransactionsconstituteaverysignificant
proporttionoftotalinternationaltrade.
5.盡管公司的日常管理工作下放到跨國企業(yè)的子公
司,但重要決策,如有關公司目標和新投資等都由
母公司來決定。
Althoughtheday-to-dayrunningofcorporate
operationsmaybedecentralizedtotheaffiliates,the
majordecisions,suchasthoseoncorporategoald,new
investmentsandtheirlocation,aremadebytheparent
company.
6.無論人們是否喜歡,經濟全球化已成為世界經濟發(fā)
展中的一個客觀趨勢。
Likeitornot,economicglobalizationhasbecomean
objectivetrendinworldeconomicdevelopment.
五、
1.Howwouldyoudefineinternationaltrade?
Internationaltradecanbedefinedastheexchangeof
goddsandservicesproducedinonecountrywiththose
producedinanother.
2.Whydidinternationaltradefirstbegin?
Inthecomplexeconomicworld,nocountrycanbe
completelyself-sufficient.Thedistributionofnatural
resourcesisuneven.Somecountriesareabundantin
resources,whileelsewherereservesarescarceoreven
nonexistent.Andacountrymayberichinsome
resourcesbutpoorinothers.Thatisthereasonwhy
internationaltradefirstbegin.
3.Whatisthenewincentivefortradethatarosewith
thedevelopmentofmanufacturingandtechnology?
Internationalspecialization-onecountryproducing
moreofacommoditythanitusesitselfandsellingthe
remaindertoothercountries.
4.Accordingtothetheoryofabsoluteadvantage,
tradeoccursonlywhenacountryhasanabsolute
advantageoveranotherIsthatalwaystrue?
No.Becauseinreality,itisnotrarethatonecountry
hasnoabsoluteadvantageinanycommodity.
5.Whointroducedthetheoryofcomparative
advantage?Whichtheorymakesmoresense,
absoluteorcomparativeadvantage?
DavidRicardo.
Comparativeadvantage.
6.Explainbrieflywhytradetoexploitcomparative
advantagepromotesefficiencyamongcountries.
Sinceitcanmakeonecountrybetteroffwithout
makinganotherworseoff.
7.Iscomparativeadvantagesomethingstatic?Isit
purelydecidedbytheendowmentsofnature?Give
examplestoshowthedevelopmentofcomparative
advantagebycertaincountries.
Comparativeadvantageisnotastaticconcept.A
countrymaydevelopaparticularcomparative
advantagepurelythroughitsownactions,independent
oftheendowmentsofnature.Switzerland's
comparativeadvantageinwatchmakingisatypical
example.
Service:somethingdonetohelporbenefitothers
Aboundant:plentiful,morethanenough
Specialization:torestrictone'seconomicactivitiesto
certainparticularfields
Primarycommodities:thosecommoditiesnotprocessed,
oronlyslightlyprocessed,usuallyfarmproduceorraw
materials
Incentive:thatwhichincites,rousesorencouragesa
person
Alternative:thatmaybehad,usedetc.inplaceofsth
else
Intuitive:relatingtothepoweroftheimmediate
understandingofsomethingwithoutreasoningorstucty.
Efficient:producingadesiredorsatisfactoryresult;able
toperformdutieswell
Endowment:anaturalgiftorability
Exploit:todeveloptheuseof,makethebestuseof
1.在復雜的經濟世界中,沒有一個國家可以完全自給
自足。
Inthecomplexeconomicworld,nocountrycanbe
completelyself-sufficient.
2
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