Since 1978, China's role in global trade has increased significantly, rising to become the second largest exporter and third largest importer by 2008. Fluctuations in the value of China's currency, the RMB, can impact both exports and imports. A devaluation of the RMB would increase exports by making Chinese goods cheaper abroad but also risk domestic inflation by raising production costs. Periods of high inflation in China in the 1990s and 2000s were often driven by rising food prices and impacted both domestic consumers and export competitiveness. A revaluation of the RMB could decrease exports by making them more expensive overseas but also curb inflation by lowering import costs. Foreign direct investment in China has also risen rapidly since the 1970s,
Import - Export Policy of India(EXIM POLICY)Sandip Besra
policies in the sphere of Foreign trade i.e. with respect to import & export from the country and more especially export promotion measures, policies and procedure related there to.
This document discusses different types of internal trade in India. It defines internal trade as the buying and selling of goods and services within a country. It then describes different types of internal traders like wholesalers and retailers. Wholesalers buy goods in bulk from producers and sell in smaller quantities to retailers. Retailers sell goods to ultimate consumers. There are different types of retailers like itinerant retailers who move from place to place and fixed shop retailers ranging from small general stores to large departmental stores and supermarkets.
Group 7
AGUILA, Don George Kinsee M.
DIMACULANGAN, Shella H.
DINGLASAN, Rydg Chrejt V.
MANTUANO, Dannah Francesca B.
OLAN, Elona Mathel B.
PAALA, Kaycee Ericka B.
PROMENTILA, Julie Anne E.
A2D - Macecon
International trade involves the exchange of goods and services between countries. It provides benefits like job creation, increased consumption, and economic growth. However, it also faces problems from trade barriers like tariffs and quotas imposed by governments. International organizations like the World Trade Organization seek to reduce trade barriers and help resolve trade disputes between nations to further global trade.
This document discusses international trade and comparative advantage. It begins by introducing Paul Krugman's support for free trade and comparative advantage. It then discusses concepts like specialization based on comparative advantage, gains from trade including increased competition and economic growth. The document uses an example to illustrate how two countries can both benefit from specializing in different goods based on their relative costs of production. It acknowledges some of the assumptions and limitations of comparative advantage theory. Finally, it discusses patterns of exports for different countries and how the UK's comparative advantage has shifted over time.
Since 1978, China's role in global trade has increased significantly, rising to become the second largest exporter and third largest importer by 2008. Fluctuations in the value of China's currency, the RMB, can impact both exports and imports. A devaluation of the RMB would increase exports by making Chinese goods cheaper abroad but also risk domestic inflation by raising production costs. Periods of high inflation in China in the 1990s and 2000s were often driven by rising food prices and impacted both domestic consumers and export competitiveness. A revaluation of the RMB could decrease exports by making them more expensive overseas but also curb inflation by lowering import costs. Foreign direct investment in China has also risen rapidly since the 1970s,
Import - Export Policy of India(EXIM POLICY)Sandip Besra
policies in the sphere of Foreign trade i.e. with respect to import & export from the country and more especially export promotion measures, policies and procedure related there to.
This document discusses different types of internal trade in India. It defines internal trade as the buying and selling of goods and services within a country. It then describes different types of internal traders like wholesalers and retailers. Wholesalers buy goods in bulk from producers and sell in smaller quantities to retailers. Retailers sell goods to ultimate consumers. There are different types of retailers like itinerant retailers who move from place to place and fixed shop retailers ranging from small general stores to large departmental stores and supermarkets.
Group 7
AGUILA, Don George Kinsee M.
DIMACULANGAN, Shella H.
DINGLASAN, Rydg Chrejt V.
MANTUANO, Dannah Francesca B.
OLAN, Elona Mathel B.
PAALA, Kaycee Ericka B.
PROMENTILA, Julie Anne E.
A2D - Macecon
International trade involves the exchange of goods and services between countries. It provides benefits like job creation, increased consumption, and economic growth. However, it also faces problems from trade barriers like tariffs and quotas imposed by governments. International organizations like the World Trade Organization seek to reduce trade barriers and help resolve trade disputes between nations to further global trade.
This document discusses international trade and comparative advantage. It begins by introducing Paul Krugman's support for free trade and comparative advantage. It then discusses concepts like specialization based on comparative advantage, gains from trade including increased competition and economic growth. The document uses an example to illustrate how two countries can both benefit from specializing in different goods based on their relative costs of production. It acknowledges some of the assumptions and limitations of comparative advantage theory. Finally, it discusses patterns of exports for different countries and how the UK's comparative advantage has shifted over time.
China experienced deflation in the late 1990s and early 2000s due to tight monetary policy aimed at controlling inflation. After joining the WTO in 2001, China saw rising inflation as foreign imports increased consumer prices and global commodity prices rose. Inflation in China took on characteristics of imported inflation, as price increases in raw materials and food on international markets were passed onto Chinese consumers. Rising global liquidity from expansionary monetary policies in western nations also contributed to inflation pressures in China.
The file with the highly informative name "other data"mkalina
The document contains data on China's economy from 1952-1976 including:
- Exports, imports and trade balance from 1957-1974 with exports and imports generally increasing over time.
- Agricultural and industrial production from 1952-1972 showing increases in items like grain, steel, oil, power.
- Mechanization and irrigation of agriculture expanding from 1952-1970.
- Price changes, money supply, incomes and wages fluctuating from 1953-1976 with periods of growth and decline.
The document discusses inflation in China and economic policies from the 1960s through the 1970s. It covers several periods: 1961-1965 saw a shift toward decentralization and incentives for agriculture; 1966-1976 was the high point of the Cultural Revolution which disrupted the economy; 1970-1974 saw a resumption of growth under Premier Zhou Enlai; and 1974-1976 was a period dominated by the Gang of Four that emphasized radical policies. It also describes China's monetary system including the People's Bank of China, savings programs, and loan policies.
China experienced deflation in the late 1990s and early 2000s due to tight monetary policy aimed at controlling inflation. After joining the WTO in 2001, China saw rising inflation as foreign imports increased consumer prices and global commodity prices rose. Inflation in China took on characteristics of imported inflation, as price increases in raw materials and food on international markets were passed onto Chinese consumers. Rising global liquidity from expansionary monetary policies in western nations also contributed to inflation pressures in China.
The file with the highly informative name "other data"mkalina
The document contains data on China's economy from 1952-1976 including:
- Exports, imports and trade balance from 1957-1974 with exports and imports generally increasing over time.
- Agricultural and industrial production from 1952-1972 showing increases in items like grain, steel, oil, power.
- Mechanization and irrigation of agriculture expanding from 1952-1970.
- Price changes, money supply, incomes and wages fluctuating from 1953-1976 with periods of growth and decline.
The document discusses inflation in China and economic policies from the 1960s through the 1970s. It covers several periods: 1961-1965 saw a shift toward decentralization and incentives for agriculture; 1966-1976 was the high point of the Cultural Revolution which disrupted the economy; 1970-1974 saw a resumption of growth under Premier Zhou Enlai; and 1974-1976 was a period dominated by the Gang of Four that emphasized radical policies. It also describes China's monetary system including the People's Bank of China, savings programs, and loan policies.