Lecture International trade and investment (2/e): Chapter 14 - John Gionea

Chapter 14 Doing business in advanced economies Copyright 2006 McGraw-Hill Australia Pty Ltd. PPTs t/a International Trade and Investment: An Asia-Pacific Perspective 2e by Gionea. Slides prepared by John Gionea.. 14–1 Lecture plan • Definition of advanced economies (AEs) • Import markets in ICs – Western Europe; North America; Japan; Australia and New Zealand; newly industrialised economies (NIEA-4) • Trade issues in AEs • Export marketing aspects • Investing in AEs Copyright 2006 McGraw-Hill Australia Pty Ltd. PPTs t/a International Trade and Investment: An Asia-Pacific Perspective 2e by Gionea. Slides prepared by John Gionea.. 14–2 Features of advanced economies • High per capita income and standard of living • Market based economic systems; limited government intervention • Mature secondary sector; dynamic tertiary sector • Rational macroeconomic policies • Sophisticated financial systems • Well-developed infrastructures • Advanced communication networks • High-level education and training Copyright 2006 McGraw-Hill Australia Pty Ltd. PPTs t/a International Trade and Investment: An Asia-Pacific Perspective 2e by Gionea. Slides prepared by John Gionea.. 14–3 Advanced economies as mixed economies • Predominance of private sector – domestic firms (small, medium, large) – MNEs • Various degrees of government intervention • Substantial freedom for markets and MNEs Copyright 2006 McGraw-Hill Australia Pty Ltd. PPTs t/a International Trade and Investment: An Asia-Pacific Perspective 2e by Gionea. Slides prepared by John Gionea.. 14–4 Government involvement in production of goods and services • Government sector: about 1/3 of GDP of ICs + 10% of GDP for government companies • Government ownership: electric and telephone utilities; banking, petroleum • Australia – about 1/4 of GDP ( >US and UK; nguon tai.lieu . vn