Explain how changes in the terms of trade affect the distribution of the benefits of international t

Updated on international 2024-07-16
6 answers
  1. Anonymous users2024-02-12

    The relative increase in a country's export products means that the country can exchange less exports for more imported products, which is conducive to the acquisition of the country's interests, but the increase in exports will not be conducive to the increase in the number of exports, which is detrimental to the interests of the exporting country; Similarly, a decline in the number of goods exported** is conducive to an increase in the number of goods exported, but it means that the country is exchanging more exports for less imports. For importing countries, the impact of changes in conditions on international interests is reversed.

  2. Anonymous users2024-02-11

    In the 50s, Knox further supplemented and developed this proposition based on an analysis of the causes of economic development in Britain and the newly immigrant regions in the 19th century. He believes that the development of the international community in the 19th century is the main reason for the economic growth of many countries. On the one hand, because countries carry out international research according to the law of comparative costs, and carry out specialized division of labor through the method of selecting the best of the two and the inferior of the two inferior, the resources can be allocated more effectively and the output has been increased.

    In exchange, each country receives more consumption than it produces. He believes that this is a direct benefit to the outside world. On the other hand, it is also the most important aspect that indirect dynamic benefits are generated by external development, that is, with the development of external development, through a series of dynamic transformation processes, economic growth is transmitted to various domestic economic sectors, thereby driving the overall growth of the national economy.

    He pointed out that the international ** in the 19th century had the following nature: the rapid economic growth of the central countries was transmitted to the new countries in the periphery through the international **. It transmits growth to those places through the rapidly increasing demand for primary products.

    In the 19th century, it was not simply a means of the most appropriate allocation of a certain amount of resources, it was especially the engine of economic growth.

    Since the 60s, Western economists have further supplemented this doctrine. They believe that the relatively high growth of foreign countries, especially the rapid growth of exports, will bring about this.

  3. Anonymous users2024-02-10

    The pure theory of international ** mainly describes the causes of international ** and the interests of the first engaged in the first and the distribution of the first interests. Its main theories include:

    1.Comparative Advantage Theory: The theory of comparative advantage was proposed by the classical economist Adam Smith and argues that the reason why different countries have different production cost advantages is because they have different production cost advantages.

    2.Factor endowment theory: The factor endowment theory was proposed by Heckschel and Owens, arguing that the reason between countries is that they have different production endowments.

    Therefore, the reason for the international ** lies in the difference in the endowment of production factors between countries, so that countries can achieve the optimal allocation of hail and improve the efficiency of factors through **.

    3.Product rent-seeking theory: The product rent-seeking theory was put forward by Krugman, which believes that international competition and cooperation are generated in production and monopoly because enterprises between countries are seeking market share and monopoly profits.

  4. Anonymous users2024-02-09

    The international division of labor refers to the division of labor between countries in the world, which is the labor relationship formed by producers of various countries through the world market, and is the basis of international and economic relations between countries. It is the product of the development of the social productive forces to a certain stage, the result of the extension of the social division of labor from a country to the world, and the trend of the socialization of production to the development of internationalization. The international division of labor promotes the development of international development.

    The international division of labor is the foundation of international development. The international division of labor has an important impact on the international commodity structure. The state of the international division of labor is the basis for each country to formulate foreign policies.

    Extended Information:1The international division of labor is the division of labor between countries formed by the social division of labor across the boundaries of nation-states.

    It is the product of the development of the social division of labor to a certain historical stage. At the beginning of the 16th century, major geographical discoveries and consequent colonial development began the first international division of labor. The emergence of large-scale machine industry and the development of capitalist monopoly have formed a division of labor in the world of "industrial Europe and the United States, raw materials in Asia, Africa and Latin America".

    After the Second World War, the international division of labor was greatly deepened due to the impetus of the scientific and technological revolution, the development of transnational corporations, and the emergence of supranational economic integration organizations.

    2.The main features of the current international division of labor are:

    1) The division of labor within the industrial sector between developed countries has developed in depth, and the division of labor of product specialization, parts specialization, and process specialization has been generally realized.

    2) Between developed and developing countries, the traditional form of division of labor between industrial and agricultural countries, although it exists, has been greatly weakened. The division of labor between labor-intensive products (or processes) and capital- and technology-intensive products (or processes) within the industrial sector dominates the industrial sector. The development of the international division of labor has made social labor economical and labor productivity improved.

    3.International trade (international trade), also known as commerce, refers to the transaction of goods and services across national borders, which is generally composed of imports and exports, so it can also be called import and export. International**also called the world**.

    Import and export can regulate the utilization rate of domestic production factors, improve the international supply and demand relationship, adjust the economic structure, and increase fiscal revenue.

    The international major belongs to the discipline of economics, mainly based on economic theory, including microeconomics, macroeconomics, international economics, econometrics, introduction to world economics, political economy, etc.

  5. Anonymous users2024-02-08

    The role of the international community in the world economy.

  6. Anonymous users2024-02-07

    International cooperation is the main means to achieve a win-win situation between countries through the division of labor, and the international competition is based on mutual exchange, complementary advantages, and division of labor and cooperation, so that both sides can give full play to their respective strengths and quantify limited resources. In this process of division of labor, cooperation and quantification, the economy has developed by leaps and bounds. Through **, we can obtain resources and goods that are lacking at home, and similarly, we can export local surplus products to countries in need.

    International ** to improve productivity, increase people's income, improve living standards and quality of life. Obviously, these are the results of international economic development.

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