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1、1 International MarketingLecture 2Instructor Li ZhihongSept.2009 Business Institute, Jiang Han University2Chapter 2 Trade Institutions and Trade Policy 1. Teaching and learning Targets. After studying this chapter, you should be able to: (1) Why is international trade important to a nation? (2) Disc

2、uss the role of “voluntary”import restraints in international marketing. (3) How have consumer demands changed international trade? (4) Discuss the impact of import restrictionsw on consumers. (5) Does foreign direct investment have an effect on trade? 3 2. The Historical Dimension (1) Roman Empire.

3、 Even while expanding their territories through armed conflicts, the Romans placed primary emphasis on encouraging international business activities. The principal approaches were the Pax Romana and the common coinage. (2) Feudalism. Although the feudal system encouraged the development of a closed-

4、state economy that was inwardly focused and ultimately conceived for self-sufficiency and security, medieval commerce still thrived and developed through export trade. 4 (3) Modern cases . The effect of turning away from international trade during the 1930s saw the importance of the international tr

5、ade. Besides, international marketing and international trade have also long been seen as valuable tools for foreign policy purposes. (4) Global division. After 1945, the world was sharply split ideologically into West and East, a division that had major implications for trade relations.6 - Oversee

6、the implementation of all the multilateral agreements negotiated in the Uruguay Round and those that will be negotiated in the future. - Be responsible for the General Agreement on Trade in Services, agreements on trade-related aspects of intellectual property rights, and trade-related investment me

7、asures and administers a broad variety of international trade and investment accords.7 (2) IMF. The International Monetary Fund, conceived in 1944 at Bretton Woods in New Hampshire, was designed to provide stability for the international monetary framework. It was the original goal of the IMF to pro

8、vide for fixed exchange rates between countries. (3) World Bank. Its official name is the International Bank for Reconstruction and Development. It was initially formed in 1944 to aid countries suffering from the destruction of war. Now, it has taken on the task of aiding world development. 9 (1) Re

9、strictions of Import. Such as special import authorization, preferential licensing applications, duties, licensing fees, etc. (2) Export promotion efforts, such as export subsidies, mixed aid credits, and export consortia. (3) Nontarrif barriers as health and sanitary prohibitions, certification, te

10、sting, and labeling,etc (see Exhibit 2.4 at p44). 4. Policy Responses to Trade Problems105. Group Discussion (1) Why is international trade important to a nation? (2) Discuss the role of “voluntary”import restraints in international marketing. (3) How have consumer demands changed international trade? (4) Discuss the impact of import restrictionsw on consumers. (5) Does foreign direct investment have an effect on trade?11 6. Assignments (1) What is major role played by the World B

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