第1页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共10页TheWorldEconomyTutor:QiangLuoStudent:SibeiLu第2页共10页第1页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共10页1Introduction……….………………...………………………………32Gainsfrominternationaltrade……………………………………….33Thefreetrade……………………………………………/…………..34Absoluteandcomparativeadvantage………………….…………….35Reasonoftradebarriers…………………………………………46Tradebarriers……………………………..…………………………47UsesofTheWorldTradeOrganisation(WTO)……………….…….58TheroleofEuropeanUnioninpromotingtrade…………………….59Compositionofthebalanceofpayments……………………………510GeneraltrendsinUKtrade…………………………………………611Thebalanceofpaymentsaffectedbyexchangerates………………712AdvantagesanddisadvantagesofthesinglecurrencyoftheUK…..713Twoeffectsonindividualsandbusinessesofsinglecurrency……...714CharacteristicsofLessDevelopedCountries(LDCs)……………...815ThetwocurrentissuesthatfaceLDCs……………………………..816ImpactsofmultinationalsonNewlyIndustrializedCountriesandLDCs………………………………………………………………..917Conclusion………………………………………………………….918Reference…………………………………………………………...9第3页共10页第2页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第3页共10页IntroductionInthisreport,Iwillintroducefreetraderelevantorganizationswithexample,suchaswhatisfreetrade,whatareitsbenefitsandsoon.Theresourcesofthisreportwillbebasedonknowledgegotinthelessonsandtheinformationondifferentwebsite.GainsfrominternationaltradeNow,manycountriesstrivetodevelopinternationaltrades,whichbecauseitbringmanybenefitstopeople.Firstly,theresourcesaroundtheworldareusedefficientlybecauseofinternationaltrades,andtosupportmorechancesofdevelopmenttomanycountries,forexample,thecostofriceislowerinChinathanotherdevelopedcountries,andChinacanexportricetochangesomeproductsthatproduceinChinawithhighcost.Secondly,internationaltradecanmakeenhancethecompetition,creativityandspiritofinnovationofenterprisesandcountries,forexample,ChinatookpartinWOT,automobileindustrygotstrongimpactofimportedcarwithlowtaxation,butthenthereappearsomeChineseautomobilebusinesssuchasBYDandGEELY.Thirdly,somedevelopingcountriescanraisecapitalbyinternationaltradetoreducethegapbetweendevelopedcountries.Forexample,inthelast30years,exportingisthemainmethodtopusheconomicgrowthinChina,andithadobviouseffect.ThefreetradeFreetradeisasystemoftradepolicythatallowstraderstotradeacrossnationalboundarieswithoutinterferencefromtherespectivegovernments.Underafreetradepolicy,pricesarereflectionoftruesupplyanddemand,andarethesoledeterminantofresourceallocation.Forexample,manyfruitsthatareproducedinTaiwanaretreatedbyzerotariff,andfrom12thSeptember2010,thereareanotherfivekindsoffruitgotthistreatment,thisisakindoffreetrade.AbsoluteandcomparativeadvantageAbsoluteadvantageissaidtooccurwhenonecountycanproduceagoodorservicetoapre-determinedqualitymorecheaplythananothercountry.ComparativeadvantageistheoriginalbasisforInternationalTrade,althoughtherearenowsomequalificationstheoriginalconcept.Forexample:第4页共10页第3页共10页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第4页共10页TableT-shirtCountryA2402160CountryB...
