Lecture International trade and investment: Chapter 2 - John Gionea

Chapter 2: International Trade in Goods & Services US EU China Australia Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea LECTURE PLAN Changes in merchandise trade patterns: Changes in value, volume » Reasons for changes in trade composition » Processing trade » Intra-industry trade » Prices trends Services Trade patterns: » Changes in product composition » Leading players Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea 2 ­2 World Exports Growth, by value ( Merchandise and Services) Value Annual (US$B) Change(%)) 2000 Goods 6180 Services 1415 1990- ‘99 ‘00 2000 6.0 4.0 12.5 6.0 1.5 5.0 Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea 2 ­3 World Trade in 2000 Value up by 12.5% to reach nearly US$6.2 trillion » partly because of higher oil prices » semiconductors up by 37% to US$ 204 billion » mobile phones up by 46% » personal computers up by nearly 15% to 135 million units World exports dipped 1% in volume in 2001 and contracted 4% in value. For 2002 ,WTO predicts a moderate recovery of around 1% Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea 2 ­4 Annual trend growth rates of world merchandise exports and production 10 8 6 %p.a. 4 2 0 Exports Production 1961-70 8.9 6.2 1971-80 4.7 3.6 1981-90 4.8 3.2 1991-00 7.4 2.9 Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea 2 –5 ... - tailieumienphi.vn