Samenvatting

Summary International Trade: Part Trade

0 keer verkocht

Vak
International Trade

Instelling
Arteveldehogeschool (Artevelde)

This is a summary of the content given in the Trade part of the course International Trade. It's based on the PowerPoint and class notes. I passed this exam first try.

[Meer zien]

Voorbeeld 4 van de 54 pagina's

Bekijk voorbeeld

Geupload op 6 februari 2023
Aantal pagina's 54
Geschreven in 2022/2023
Type Samenvatting

€10,99

Ook beschikbaar in voordeelbundel v.a. €15,49

In winkelwagen

Op verlanglijstje

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

Ook beschikbaar in voordeelbundel (1)

Summary International Trade: Full course

€ 19,98 € 15,49

2x verkocht

2 items

1. Samenvatting - Summary international trade: part law
2. Samenvatting - Summary international trade: part trade
Meer zien

INTRODUCTION: WHAT IS
INTERNATIONAL TRADE
INTERNATIONAL TRADE

• Tariffs
• Financing
• Different transport mode
• Globalization
• Strategic choices
• Distribution and logistics
• Supply chain
• Payment methods
• Institutions and organization
• National differences
• Documents
• Risks
• Export and import

Trade = central to ending global poverty

➔ Role: supporting growth and reducing poverty
➔ Open trade policies enable economic growth for all
➔ Countries open to international trade grow faster, innovate, improve productivity and provide higher
income and more opportunities to their people
➔ Open trade: benefits lower-income households by offering consumers more affordable goods and
services
➔ integrating with world economy through trade and global value chains -> helps drive economic
growth and reduce poverty-locally and globally

CAN WE DO IT IN A SUSTAINABLE WAY?

• Different critiques on globalization
• Link with UN SDGs
• Trade resulted in increased CO2 emissions
• Always take triple bottom line into account: people, planet, profit (3Ps)

,CHAPTER 1: INTRODUCTION TO
INTERNATIONAL TRADE
WHY INTERNATIONAL TRADE?

Last centuries:

• Greater openness and liberalized trade
• But: protectionism has always immersed
• Advanced nations: realise economic growth and stability depend on strategic mix of trade policies
both free trade and protectionism

WORLD TRADE

• World trade volumes: 42 times level of 1950
• World trade values: over 302 times level of 1950
• Growth acceleration since establishment of WTO in 1995

Exports Imports
• Asia is growing fastest • Asia is growing fastest
• All regions are increasing but pace is • South America is decreasing imports
different

AFTER COVID-19

• US still leading
• China not far behind
• Germany far ahead from other EU countries
• First South-American country: Brazil
• First African country: South-Africa

Impact on covid 19:

• Big decrease in first half of 2020
• Steady recovery since second half of 2020

IMPORTANT CONCLUSIONS

• Global trade concentrated in few countries
• Leading exporters = leading importers
• Leaders often Western Industrialized Countries
− China and Far East: growing
− South America: only Mexico and Brazil in top 30
− Africa not in top 30
− Belgium decreased but sill high

,BIGGEST ECONOMIC PLAYERS

US

• Discussion with China and EU led to increased import taxes for wide range of products (Eg airplanes,
cars, …)
• Impact of polarization
• Different opinions regarding climate policy, fiscal policy and foreign policy

CHINA

• Soon to be biggest economy in the world
• Trade between China and EU = 1 billion USD per day
• Questions regarding human rights and environmental policy
• Biggest companies in hand of state (the Communist party)

BRICS COUNTRIES

RUSSIA

• Before war in Ukraine: fifth biggest trading partner of EU
• Export mainly dependant on natural resources

BRAZIL

• Depends on export of coffee, sugar, beef, concentrated orange juice, soy, chicken, shoes, iron and
steel, chemical products and wood
• Fourth biggest builder of airplanes which focusses on production of smaller-sized jets

INDIA

• Most important export products: engineering components, chemical and pharmaceutical product,
gems and jewellery, clothing, agricultural products, iron and mineral
• Second biggest exporter for agricultural products and related sectors like forestry
• IT-sector also booming because of cheap labour and good infrastructure

SOUTH AFRICA

• Most important export products: iron ore, platinum, gold and other minerals

, BELGIUM’S STATUS

• 2021: 10th position on list of world merchandise exporters + 12th world merchandise importer
• 5th place in Europe
• Behind Canada and before Mexico
• Balance of trade = primarily positive
• Distribution of trade by trading partner
• EU main trading partner:
− Majority of goods exported by Belgium remain in Europe
− Especially neighbour countries: (Germany, France, The Netherlands)
• Outside EU-countries
− US main non-European trading partner
− China, UK, Japan, Switzerland, Turkey and Russia

Important chemicals for Belgian export Important mineral products for Belgian export
• Packaged medicaments • Refined petroleum
• Vaccins • Diamonds
• Blood, antisera, toxins and cultures • LNG to rest of Europe via harbour of
Zeebrugge

Import/export sector:

• Large variety
• Almost 30% of exports are chemicals and pharmaceuticals = main export products
• Transport equipment + machinery and equipment = >22%
• Important: 11,2% mineral oils
• Foodstuff: 5,5% export, 3,9% import
• Textile sector also important although strong competition abroad
➔ Decreased over last few years
➔ Especially carpets and fabric for furniture and floor coverings

DID YOU KNOW?

2017:

• 1st world exporter of master alloys of copper, frozen vegetables, looms
• 2nd world exporter of flax
• 3th world exporter photographic in film rolls
• 4th world exporter of diamonds
• 5th world exporter of epoxides, …

Belgium is considered 3th best country in the world when it comes to logistics

WHY DOES BELGIUM HAVE AN OPEN ECONOMY?

• Central location
• High population density
• Scarcity of natural resources
• Centre of Belgian economy = processing foreign goods and export them

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper JanaErtryckx. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €10,99. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 68175 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen