Chapter 1
I .YES,Please refer to the 1st paragraph of the text.
II. 流动性过剩 自给自足 经济资源 直接投资 国际收支 易货交易 出口退税 倾销
出口型经济增长 东道国 贸易差额 贸易顺差/贸易逆差 欧盟
国际收支顺差/国际收支逆差 有形贸易 无形贸易 货物贸易 服务贸易 excess liquidity self-sufficient
economic resources direct investment balance of payments barter export tax rebate dumping
export-driven economic growth host country balance of trade favorable/unfavorable balance of trade European Union
favorable/unfavorable balance of payments visible trade invisible trade trade in goods trade in services III
The chart above shows the U.S. imports from China, U.S. exports to China and the trade balance. The U.S. has a negative trade balance with China, and it has been growing. During the period from 1997 to 2003, imports from China have grown 244% while exports to China have grown 221%, indicating that the trade deficit is increasing. There had already been a sizeable trade balance deficit with China in 1996, totaling $ 39.5 billion at the end of the year. IV
1. Export goods are tangible goods sent out of countries.
2. Trade in services are international earnings other than those derived from the exporting and importing of tangible goods. 3. Import goods are tangible goods brought in.
4. International trade is all business transactions that involve two or more countries. 5. FDI is one that gives the investor a controlling interest in a foreign company.
6. Investment is used primarily as financial means for a company to earn more money on its money with relative safety. V 1. International trade is the fair and deliberate exchange of goods and/or services across national boundaries. It concerns trade operations of both import and export and includes the purchase and sale of both visible and invisible goods.
2. In today's complex economic world, neither individuals nor nations are self-sufficient. Nations participate in the international trade for many reasons. As to the economic reasons, no nation has all of the economic resources (land, labor and capital) that it needs to develop its economy and culture, and no country enjoys a particular item sufficient enough to meet its needs. As for the preference reasons, international trade takes place because of innovation of style. Besides, every nation can specialize in a certain field and enjoy a comparative advantage in some particular area in terms of trade so that they need to do business with each other to make use of resources more efficiently and effectively.
3. In measuring the effectiveness of global trade, nations carefully
follow two key indicators, namely, balance of trade and balance of payments.
4. FDI, the abbreviation form Foreign Direct Investment, means buying of permanent property and business in foreign nations. It occurs when acquisition of equity interest in a foreign company is trade. The great significance of FDI for China might be that: FDI solve the problem of capital shortage for China so that China may spend the money on importing advanced equipment and technologies for its infrastructure, national supporting industry, key projects, etc.
Chapter 2 I
关税壁垒 非关税壁垒 从量税 配额
保护性关税 市场失灵 幼稚产业 许可证制度 财政关税 政府采购 贸易保护主义 从价税 最低限价 本地采购规则 增加内需
Domestic content Red-tape barriers Export subsidies Binding quota Absolute quotas VER
Tariff-rate quotas Zero quota
\local\rules Tariff barriers non-tariff barriers specific duties quota
protective tariff market failure infant industry licensing system Revenue tariff
government procurement trade protectionism Ad Valorem Duties floor price
\local\rules