viernes, 8 de abril de 2011

INTERNATIONAL ECONOMICS

 The international economics is built or made ​​through four important aspects are: Reasons for Trade, Exchange Rates,  Comparative Advantage,Balance of Payments and Absolute Advantage. Where can to show differents dimensions of the international economics as in the reasons of the trade the access to different goods,scale economies,generates economic growth and others; respect of comparative advantage have fortune of specialisation of the production.


The Advantage of Trade are appreciation of the Exchange Rates, managed floating, different opportunity cost ratios, Specialisation of the production,stimulation of trade in goods and services. Which leads to improvements in the terms of trade as long as they maintain beneficial relations actors and multerateral bilateral trade.
 The Disadvantages of  international economics are factor endowments,speculation in the world market, differences in interest rates, depreciation of exchange rates;which generate risks in terms of exchange, causing the so-called financial crisis, the increase in countries' external debt, poverty and misery, inequality and at the same time the destruction of the environment acelarada unbridled excess production.  

INTERNATIONAL TRADE THEORIES

The basic theories of international trade are:

THE MERCANTILIST supports the importance of exports and lowering imports,also receive-currency payment is based on gold standard and hence the problem with this theory is that it excludes the import good.
ABSOLUTE ADVANTAGE Based on what they produce has more advantages in its production and marketing whose theory is attributed to Adam Smith.
COMPARATIVE ADVANTAGE Based on commercial gain through specialization in the production of the good that has an absolute advantage,which was put forward by David Ricardo.


FACTOR ENDOWMENTS :This theory states that it should export products that are used intensively and having numerous factors that must import the products in use are scarce. The theory was espoused by Heckscher and Ohlin.
Also exposed the product life cycle where explain four stages that are the introduction,growth,maturity and the decline; At present show that The big challenges of the International Product Life Cycle these days are  dealing with a very short Introduction Stage, due to technological competitiveness and
extending the length of the PLC through
Market Modification and Product Modification.
 

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