IBUS2301 Study Guide - Final Guide: International Trade, International Business, Factor Endowment
Document Summary
Lecture 2: theories of trade, investment and internationalisation jueves, 1 de marzo de 2018. Lo 2. 1 understand why countries trade with each other the benefits of trade. Lo 2. 2 understand the theories explaining trade between countries. Lo 2. 3 understand why firms invest in other countries. Lo 2. 4 understand explanations of the internationalisation of the firm. Lo 2. 5 understand the arguments for why governments might play a proactive role in promoting national competitive advantage in particular industries. Lo 2. 6 examine implications that international trade, investment and internationalisation hold for international business practice. Introduction to trade theories - an overview of trade theory. Free trade: no barriers to buying and selling of goods and services between countries. People trade when there is mutual benefit to do so. It is obvious why saudi arabia exports oil, ghana exports cocoa and brazil exports coffee they have goods other countries want but do not have.
