International Technology Spillovers and Technological Progress Perhaps the most important benefit that a country can derive from its participation in the international economy is that economic integration gives a country access to the knowledge base that already exists throughout the world. Countries that do business in the world ...
International trade triggered by internal economies of scale 1. Monopolistically Competitive Firms and International Trade For monopolistically competitive firms, participation in international trade results in an increase in output in both the short and long term. On the other hand, in the long run, the result of a f...
What are the three basic theoretical issues of international trade? 1. Adam Smith's theory of absolute interests and David Ricardo's theory of comparative interests. 2. Heckscher-Ohlin's "factor ratio" and Leontief's counter-argument. 3. Protection trade theory. International trade theory tries to explain why the...
International Technology Spillover International technology spillovers refer to the spread of technologies to other countries, either directly or indirectly (e.g., through trade), so that producers in other countries gradually acquire these technologies as well. To illustrate the international technology spillover, let us assume that...
What is the impact of typhoon on domestic container shipping? 2022-8-24 Marine transport recently strong tropical storm typhoon "Maan" is about to log, coastal cities and friends, in addition to making the necessary safety preparations, for shipping agents, shipping companies, terminals is also need to pay attention to. So, what is t...
Economies of scale, imperfect competition, trade among industrially developed countries and between the same industries The main contributor to the new explanation for the causes of trade is the "trade theory of economies of scale", which was developed in the late 1970s and is mainly attributed to the American economist Paul Krugman. This...
International trade theory is an important part of international economics, which is microeconomics under open conditions. International trade theory focuses on the exchange of goods and services between countries, the causes and consequences of international commodity exchange, and related policies. The research scope of international trade the...
Online shopping is the big trend Compared to offline shopping, the online shopping experience allows brands to expand, diversify their customer base, and reduce costs. However, it also presents other challenges, such as more customer inquiries and longer customer service wait times. According to Kustomer's consumer survey, 7...
Inter-industry and intra-industry technology spillovers Technology spillovers can also occur between different industries (inter-industry) and within the same industry. Although many industries have different products, many of the resources used are the same, and how to improve factor productivity can contribute to each industry. In...
The basic process of exporting goods by sea The following content may not be new to foreign trade veterans or freight forwarding veterans. But with the graduation season, a wave of graduates who have just entered the foreign trade or freight forwarding students come time, this is a good learning opportunity. Sea freig...
