This document discusses international trade and trade barriers. It begins by explaining the concepts of absolute and comparative advantage, and how they can be used to understand why countries trade. Countries have a comparative advantage in goods they can produce at a lower opportunity cost. Trade allows countries to specialize in what they are relatively better at producing. The document then discusses different types of trade barriers like tariffs, quotas, and subsidies that can impact trade flows. It concludes by explaining international agreements and organizations like the WTO that aim to promote free trade while allowing countries to resolve trade disputes.
The given PPT consist of the details about Globalisation,international business and international marketing along with the difference between TNC's & MNC's
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
IntroductionTheories of International TradeCommon Terms in International TradeReasons For International TradeAdvantages of International TradeDisadvantages of International TradeInternational Trade ProtectionismReasons for Trade ProtectionismWorld Trade OrganizationObjectives of WTOConclusionsDiscussions
International trade theories
How do every nation trade
Why study trade theory
What are it's advantage and it's disadvantage
An overview of trade theory
Absolute advantage theory
The given PPT consist of the details about Globalisation,international business and international marketing along with the difference between TNC's & MNC's
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
IntroductionTheories of International TradeCommon Terms in International TradeReasons For International TradeAdvantages of International TradeDisadvantages of International TradeInternational Trade ProtectionismReasons for Trade ProtectionismWorld Trade OrganizationObjectives of WTOConclusionsDiscussions
International trade theories
How do every nation trade
Why study trade theory
What are it's advantage and it's disadvantage
An overview of trade theory
Absolute advantage theory
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
2. TASK
(1) Economic student understands the reasons for international
trade and its importance to the Pakistan and the global economy.
The student is expected to:
(A) explain the concepts of absolute and comparative advantages;
(B) apply the concept of comparative advantage to explain why and
how countries trade;
(2) Economic student understands the issues of free trade and the
effects of trade barriers. The student is expected to:
(A) compare the effects of free trade and trade barriers on economic
activities;
(B) evaluate the benefits and costs of participation in international free-
trade agreements
4. Why trade?
• All trade is voluntary
• People trade because they believe that they
will be better off by trading
• International trade is very similar to trading
domestically.
• We produce those goods and services we are
best suited at and trade with other nations for
the goods and services they are best suited at
producing.
5. Absolute Advantage
“The natural advantages which one country has
over another in producing particular
commodities are sometimes so great that it is
acknowledged by all the world to be in vain to
struggle with them.”
Adam Smith in “Wealth of Nations” Book IV, Chapter 2
6. Comparative Advantage
• David Ricardo extended the ideas of Adam
Smith
• Nations could benefit from trade based on
comparative advantage, not just absolute
advantage
• Comparative advantage refers to a country’s
ability to produce a good at a lower
opportunity cost than another country
7. Sources of Comparative Advantage
• Differences in technology
• Differences in climate
• Differences in factor endowments
– Factors of production – land, labor and capital
– Factor intensity – the factor that is used
intensively in production
– Heckscher-Ohlin model
8. Imagine an island with only two trees but lots of boats. The islanders
produce two goods, coconuts and fish.
A nearby island has many trees, but it has very few boats.
Initially, there is no contact between the islands. However, a new
navigational device will soon allow shipments between the islands.
What will happen?
9. • Only two trees → expensive domestic
coconuts before trade
• Imported foreign coconuts are cheap
• Domestic price of coconuts ↓ with trade
• Lots of boats → cheap domestic fish
before trade
• New export markets for fish increases
demand
• Domestic price of fish ↑ with trade
10. • Who cares about the price of coconuts?
– People who own trees (land)
– People who climb trees (labor)
• Who cares about the price of fish?
– People who own boats (capital)
– People who sail and fish (labor)
11. Who could object?
Domestic consumers benefit.
Domestic producers are harmed.
Country begins to import and domestic price falls.
Domestic price is higher than world price.
13. Who could object?
Domestic producers benefit.
Domestic consumers are harmed.
Country begins to export and domestic price rises.
Domestic price is lower than world price.
15. Who could object?
• The total gains from specialization and trade
are greater than the losses
• But those gains do not necessarily go to the
parties who lost welfare because of the trade
• The challenge becomes the willingness of
“winners” to compensate “losers”
17. Tariff
• Tax on imported goods or services
• Reasons for tariffs
– Raise tax revenues
– Reduce consumption of the imported good or
service
• Effect – Price of import rises, “cheaper”
domestic goods become more attractive
18. Quota
• Limits the amount of an imported good
allowed into the country
• Supply is decreased and price increases
• Voluntary Export Restrictions (VER’s) are
similar
19. Export Subsidy
• Government financial assistance to a firm that
allows a firm to sell its product at a reduced price
• Benefits and harms
– Consumers (both at home and abroad) benefit from
lower prices
– Foreign producers are harmed because of lower world
prices
– Taxpayers in the producing country pay the subsidy
20. Product Standards
• A type of “hidden” trade barrier
• Types of standards
– Product safety
– Content
– Packaging
21. Trade Agreements
• General Agreement on Trade and Tariffs
(GATT) and World Trade Organization (WTO)
• Regional trade agreements
22. GATT
• “Provisional” agreement (1948 – 1994)
• Dramatic tariff reductions were negotiated in
a series of trade rounds
• Grew from 23 to 123 countries
23. WTO
• WTO created in the Uruguay trade round
• Established in Geneva in 1995
• 153 member countries
• GATT was updated and still forms the legal
framework for WTO negotiations on the goods
trade
24. What is the WTO?
• A negotiating forum
• A set of rules (international agreements)
– GATT
– GATS (General Agreement on Trade in Services)
– TRIPS (Agreement on Trade-Related Aspects of
Intellectual Property Rights)
• A place to settle trade disputes
25. Regional Trade Agreements
• Examples include
– North American Free Trade Agreement
– Association of Southeast Asian Nations
– Common Market of the South (MERCOSUR)
– European Union
• Regional agreements have been praised and
criticized
So why do people trade? People trade because they believe that they will be better off by trading than by not trading.
Imagine what life would look like without trade. We would have to produce all the goods and services we use by ourselves. We would wind up spending all of our time just trying to produce the things necessary for survival. When we trade we don’t have to produce everything for ourselves. We can focus our efforts on producing those goods and services we are best suited for. We then trade with others for the goods and services we need.
So again, we ask “Why Trade”
Heckscher-Ohlin – countries will export goods that intensively use the resources that the country has in abundance
Leontief paradox – revealed that the U.S. exports skill-intensive production
Island has only two trees but lots of boats – leads to cheap fish and expensive coconuts in autarky.
Trade with a new island with lots of trees and few boats (expensive fish and cheap coconuts).
On our island results in cheap fish being exported. This is great for the boat owners, the boats are at sea 7 days a week etc. Good for sailors and fishers, lots of work. New markets cause the price of fish to rise.
On the other hand, the expensive coconuts no longer look very attractive. Faced with competition from producers from the other island, coconut production declines. Tree climbers might eventually learn to sail, but not right away. The value of owning coconut trees is diminished.
Island has only two trees but lots of boats – leads to cheap fish and expensive coconuts in autarky.
Trade with a new island with lots of trees and few boats (expensive fish and cheap coconuts).
On our island results in cheap fish being exported. This is great for the boat owners, the boats are at sea 7 days a week etc. Good for sailors and fishers, lots of work. New markets cause the price of fish to rise.
On the other hand, the expensive coconuts no longer look very attractive. Faced with competition from producers from the other island, coconut production declines. Tree climbers might eventually learn to sail, but not right away. The value of owning coconut trees is diminished.
Island has only two trees but lots of boats – leads to cheap fish and expensive coconuts in autarky.
Trade with a new island with lots of trees and few boats (expensive fish and cheap coconuts).
On our island results in cheap fish being exported. This is great for the boat owners, the boats are at sea 7 days a week etc. Good for sailors and fishers, lots of work. New markets cause the price of fish to rise.
On the other hand, the expensive coconuts no longer look very attractive. Faced with competition from producers from the other island, coconut production declines. Tree climbers might eventually learn to sail, but not right away. The value of owning coconut trees is diminished.
Tariffs – taxes on imports
Quotas – limits on the quantity of imports
Voluntary Export Restrictions – a self-imposed limit on the quantity of exports
Export Subsidies – government payments to producers of goods for export