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International Economy - Coggle Diagram
International Economy
Mercantilist ideas Adam Smiths ideas.
Mercantilist ideas
The fundamental objective of mercantilism was to maximize the interest, the sovereign state and not that of the owners of economic resources
Other international business models
Highlights the impotannce of fee trade to increase the wealth of all nations
. the kind of Hecksher – Ohlin
The mentioned model is also known as the theory of factorial proportions.
Factor substitution and the David Ricardo Model
Economically efficient production method minimizes cost of
oppotunities of the factors of used to obtain a give level of production
Instruments of international trade policy and their effects on economic well-being
tariff theory
Are tariffs used to obtain government income or to protect national industries
Quantitative import restrictions and voluntary export retention
other non-tariff restrictions
It also refers to those applied through transactions originating from the commerce of states.
Restricciones cuantit
Subsidies
unilateral transfers that one person institution gives another
International trade economic policy and its effects on economic well-being and growth
trade policy of developing countries
The commercial police of developing countries are looking for an ally to have them in that favor small and vulnerable nations
Negociaciones Internacionales.
From an economic perspective, international trade theory tends to consider regionalism as suboptimal compared to multilateralism
Libre comercio vs. Proteccionismo
Such provisions are called protectionist measures,
trade policy of developed countries
In recent years, some developed countries have continuously adopted trade protectionist measures.
Foreing exchange regimes and markets
exchange rate system
Set of that describe the role that the Central Bank will play in the market
market sight and future operation arbitrage risks exchange rate direct cross operations
They have regulated markets where the physical stocks of a given product are not traded, but futures contracts are bought and sold
. Mercado de cambios extranjero.
The exchange market is constituted from the modern institutional point of view
Relationship between the exchange market and the goods market and the Mundell – Fleming
Denomination used to designate purchases and sales of foreign currency