PPT-Chapter 2: World Trade: An Overview

ECO41 International Economics Udayan Roy Based on International Economics Theory and Policy by Paul Krugman Maurice Obstfeld and Marc Melitz Eleventh Edition 2018 World Trade An Overview. How do subsidies affect other countries?. How does restricting imports affects other countries?. How does consumer purchasing choice affects world trade?. How can food production be made more sustainable?. Coffee. By CSPE.tv. The coffee trade . The coffee trade is worth tens of billion dollars every year . O. nly a tiny fraction of this money goes to coffee bean growing countries . 25 million small coffee farmers in these countries live on only a few dollars a day.. THE . EARLY MODERN PERIOD, . (1450-1750). “THE . WORLD . SHRINKS”. The World Map Changes. Several . European countries acquire . OVERSEAS EMPIRES. New . LAND BASED EMPIRES emerge . in Asia and eastern Europe. Connecting Arkansas to the World. Presentation by. Emile . Phaneuf. Insert Company Logo. The Dream Lives On. The Towers of Light, Ground Zero, New York. The World Trade Center Association:. Established in 1970 to facilitate international trade. In the Beginning. Portugal’s Prince Henry was looking for a sea route around Africa to India. West African Kingdoms had an abundance or gold and other resources. Small trading stations on Africa’s western coast. From Beginning to End: . An . Overview of Systems Analysis and Design. Systems Analysis and Design in a Changing World . 7. th. . Ed. Satzinger. , Jackson & . Burd. Chapter 1. Chapter 1 Outline. Trade Across Continents. Spanish settlers. Grew cash crops: sugarcane, tobacco, coffee, and citrus fruits . Used natives as work force, many died when exposed to European and African diseases( small pox, measles, and malaria ) . Trade Regimes. Before 1947, there was little in the way of a framework for organizing trade.. Any agreements on trade were generally bilateral (between two countries). . Sometimes wars were fought over trade and related issues (the 1812 war between the US and Great Britain being one), as were the “Opium Wars” between Great Britain and China in the mid 19. 8.1 . The Production Possibilities Curve. 8.2 The Basis for Trade: . Comparative . Advantage. 8.3 Trade between States. 8.4 Trade between Countries. 8.5 Arguments against Free . Trade. Key Ideas. 1. The production possibilities curve tells us. Page 446. Map of the known world (1400s). Motives for European Exploration. Crusades .  by-pass . middle-men to . get to Asia.. Renaissance .  curiosity about other lands and peoples.. Reformation . Econ 340. Lecture 2: Institutions. 2. Announcements. We will start discussing news next week, on Monday Sep 17. You should be watching for international economic news.. Be sure to register your clicker on the Canvas site for this course.. The . action . of buying . and selling . goods . and services. .. A . basic economic concept that involves multiple parties participating in the voluntary negotiation and then the exchange of one's goods and services for desired goods and services that someone else possesses. . scarcity are able to meet their needs by importing from countries where these goods and services continue to be available e scienti c review of climate change is followed by an analysis of the betwee ). The George Washington University. 2016 Intensive Trade Seminar. September 28, . 2016. Washington, . DC. Stacy . J. . Ettinger. Stephen J. . Claeys. 1. TRADE REMEDIES. Unfair foreign pricing and government subsidies distort the free flow of goods...