International Trade and International Finance

Author: Bu Wei et al.
Publisher:
Publish Date: 2005-01-01
Features: After China's entry into the World Trade Organization (WTO), competition in an open economy has become more intense, presenting a trend where domestic competition is internationalized and international competition is domesticized. Business managers must continuously discover and create their company's comparative and competitive advantages, fully utilizing their core capabilities while leveraging the country's resource endowments and relevant government policies to help the company secure a favorable position in the global value chain. This book focuses on helping readers understand the theory of comparative advantage and its development, the sources of comparative advantage, and international business economics, thereby enabling them to succeed in market competition. The book consists of eleven chapters. Chapter 1 elaborates on international trade theories, including the theory of comparative advantage, the sources of comparative advantage, "new" theories of international trade, and theories of trade protectionism; Chapter 2 introduces export incentives, tariffs, and non-tariff policy measures; Chapter 3 discusses regional economic integration; Chapter 4 explores the theories of multinational companies and multinational operations, their motivations, and competitive advantages; Chapter 5 explains the World Trade Organization; Chapter 6 covers risks and prevention in international trade financing; Chapter 7 introduces currency issues in multinational operations, primarily focusing on exchange rates; Chapter 8 elaborates on balance of payments; Chapter 9 introduces channels for international capital financing; Chapter 10 discusses foreign exchange transactions in corporate operations; Chapter 11 covers financial risk management in multinational corporate operations. This book is designed to meet the needs of MBA teaching and can also serve as a textbook and reference for senior undergraduate students in non-international economic majors related to business administration and economics, as well as for training programs for business management cadres.