Week 1

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The Theory of International Trade and Investment

(The North

American Free Trade Agreement NAFTA)

(The Age of Mercantilism) .. 1770 .. 1800

(Mercantilism)

(Mercantilism) ()

(Mercantilism)

(Labor Theory Value)

(Labor Intensive) (Perfect Mobility)

Adam Smith Absolute Advantage David Ricardo Comparative Advantage Heckscher-Ohlin Factor Proportions The Leontiet Paradox Product Cycle Theory Imperfect Competition And Trade Linder Overlapping Product Ranges Intra-Industry Trade Porters Competitive Advantage of Nations

(The Theory of Absolute Advantage) (Adam Smith) (The

Wealth of Nations) .. 1776 (Division of Labour)

(The Theory of Absolute Advantage)

(The Theory of Absolute Advantage) 6 1 1 3

(The Theory of Absolute Advantage) 2-1 : 1

() ()

6 1

1 3

(The Theory of Comparative Advantage)

(David Ricardo) On the Principle of Political Economy and Taxation .. 1819

(The Theory of Comparative Advantage)

(The Theory of Comparative Advantage) 2

2

(The Theory of Comparative Advantage) :

() ()

7 5

8 8

(The Theory of Comparative Advantage)

(The Theory of Comparative Advantage)

: 8 = 1 87 = 1.4 5

: 8 = 1 85 = 0.71 7

** **

(Factor Proportions Theory) Heckscher Ohlin (H O) .. 1920 1930 2 Eli Heckcher Berti Ohlin

3

(Factor Proportions Theory) Heckscher Ohlin (Factor Intensive)

1. 2. 3. 4.

5. 6.

7. 8. 9.

(Factor Abundance) 2

(Factor Abundance) 2

(K/L1 > K/L2) 2

(Factor Abundance)

(r/w)1 < (r/w)2 (r) (w)

X X Y

(The Leontief Paradox) Wassily W. Leontief

Nobel Prize .. 1973 Leontief

(Linder Overlapping Product Range) Staffan Linder

(Linder Overlapping Product Range Linder

(Intra-Industrial Trade IIT)1. 2. 3. 4. 5.

6.

Bela

Balassa IX MI X+M IIT X M IIT =

X M X=0 IIT = 1 X=M IIT=0 X=10 M=10 IIT = l10 10l = 0 = 0 10 + 10 20 10 .. 1959 0.36 0.48 .. 1967 0.60 .. 1985

(The Product Life Cycle Theory) Raymond Vernon .. 1966

2 1. 2. 3

(The Product Life Cycle Theory) 3 1. 2. 3.

(The Product Life Cycle Theory)1.

(The Product Life Cycle Theory)2.

(The Product Life Cycle Theory)3.

(Trade Implications of Product Cycle)

(The Contributions of Product Cycle Theory)

(The Competitive Advantage of Nations) Michael E. Porter Harvard

(The Competitive Advantage of Nations)

4 1. 2. 3. 4.

(The Theory of International Investment)

(The Theory of Foreign Direct Investment)

2. 3. 4. 1.

(The Theory of Foreign Direct Investment)

2. 3. 1.