Please enable JavaScript.

Coggle requires JavaScript to display documents.

6.0. International trade - Coggle Diagram

- - - - All the final goods and services produced within a country's border during a given time period
      - Include: G&S by foreigners within that country
        Exclude: G&S by its citizens outside country
  - - - All final G&S by citizens of country
      - Include: G&S by its citizens outside country
        Exclude: G&S by foreigners within that country
- - - - Retaliation for foreign trade restrictions
      - GOV collection of tariffs
      - Countering the effects of GOV subsidies (trợ cấp) paid to foreign producers
      - Preventing foreign exports at less than their cost of productions (dumping)
- - - - Increase trade based on comparative advantage, allocate resources more efficiently
        
        Increase competition among member countries' firms
    - - Decrease wealth and incomes of some firms/Industries/groups of workers
        
        Structural unemployment -> retrain to get new job