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The document defines key terms related to international trade such as exporting, importing, mercantilism, absolute advantage, comparative advantage, and protectionism. It also covers international trade concepts like the balance of trade and payments, quotas, tariffs, dumping, and factors that affect trade between nations.
The document defines key terms related to international trade such as exporting, importing, mercantilism, absolute advantage, comparative advantage, and protectionism. It also covers international trade concepts like the balance of trade and payments, quotas, tariffs, dumping, and factors that affect trade between nations.
The document defines key terms related to international trade such as exporting, importing, mercantilism, absolute advantage, comparative advantage, and protectionism. It also covers international trade concepts like the balance of trade and payments, quotas, tariffs, dumping, and factors that affect trade between nations.
International trade Thương mại quốc tế and services across national borders Sending goods to another country for Exporting Xuất khẩu sale or trade Bringing in goods from another Importing Nhập khẩu country for sale or trade Trade theory holding that nations should acumulate financial wealth, Mercantilism Chủ nghĩa trọng thương usually in the form of gold, by encouraging exports and discouraging imports Ability of a nation to produce a good more efficiently Absolute advantage Lợi thế tuyệt đối If a country can produce something more than cheaply than anywhere else in the world Comparative Inability of a nation to produce Lợi thế so sánh advantage Factor proportions Lý thuyết tỷ lệ - nhân tố theory Term of trade Điều kiện thương mại The balance of trade Các cân thương mại The difference between the money value of s country’s visible imports and The balance of Cán cân thanh toán exports. payment Adding trade in services to trade in goods gives you... Tài khoản vãng lai/Tài Current account khoản hiện hành Capital account Tài sản vốn Financial account Tài sản tài chính Imposing trade barriers in order to Protectionism Chủ nghĩa bảo hộ restric imports. Quantitative limits on the import of Quota Hạn ngạch particular products or commodities An import quota Hạn ngạch nhập khẩu Taxes charged on imports A tariff Thuế nhập khẩu Unlike quotas, tariff produc revenue for the government The (impossible) situstion in which a Autarky Tự cung tự cấp country is completely self-sufficient and has no foreign trade Surplus Thặng dư A positive balance of payments A country exporting more than it import has a trade surplus Deficit Thâm hụt A negative balance of payments Selling goods abroad at (or below) cost Dumping Bán phá giá price Invisible imports and Trade in services (banking, insurance, Xuất/Nhập khẩu vô hình exports tourism, and so on) Visible trade (GB) or Trade in goods merchandise trade Xuất/Nhập khẩu hữu hình (US) Barter or counter Direct exchange of goods, without the Mậu dịch đối lưu trade use of money Inputs (raw materials, chep or skilled Factors of production Yếu tố sản xuất (đầu vào) labor, capital,etc) Specialization of work into different Division of labor Phân công lao động jobs Saving in unit costs arising from large- scale production Economies of scale Kinh tế quy mô When two companies merge they have greater...than as saparate companies Tự do hóa Liberalize Free trade Thương mại tự do In the maturity phase of product life Stabilize Ổn định cycle, sales growth slows and ... Subsidize Trợ cấp Multinational companies usually have Subsidiaries Công ty con ... in different countries Infant industry Ngành CN non trẻ Freight Vận chuyển hàng hóa