International Trade



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international trade

  • Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall
  • International Business 5e
  • Chapter 5 -
  • What is Globalization?
  • Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall
  • International Business 5e
  • Chapter 5 -
  • The expansion of economic, political, and cultural processes to the point that they become global in scale and impact.
  • Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall
  • International Business 5e
  • Chapter 5 -
  • Imports – Bringing goods or services into a country for sale.
  • Exports – Sending goods or services to another country for sale.
  • Exchange rates – The price of a nation’s currency in terms of another nation’s currency.
  • Balance of Trade – The difference in value between a country’s imports and exports.

International Trade

  • Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall
  • International Business 5e
  • Chapter 5 -
  • Purchase, sale, or exchange of goods and services across national borders
  • Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall
  • International Business 5e
  • Chapter 5 -
  • A consequence of specialization or the division of labor. The participants in any economic system must be part of a trading network to obtain the products they cannot produce efficiently for themselves.

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