1/9TheWorldEconomyTutor:QiangLuoStudent:SibeiLu2/91Introduction⋯⋯⋯
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⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯32Gainsfrominternationaltrade⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
33Thefreetrade⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯/⋯⋯⋯⋯
34Absoluteandcomparativeadvantage⋯⋯⋯⋯⋯⋯⋯
35Reasonoftradebarriers⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯46Tradebarriers⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯47UsesofTheWorldTradeOrganisation(WTO)⋯⋯⋯⋯⋯⋯
58TheroleofEuropeanUnioninpromotingtrade⋯⋯⋯⋯⋯⋯⋯⋯
59Compositionofthebalanceofpayments⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯510GeneraltrendsinUKtrade⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯611Thebalanceofpaymentsaffectedbyexchangerates⋯⋯⋯⋯⋯⋯712AdvantagesanddisadvantagesofthesinglecurrencyoftheUK⋯
713Twoeffectsonindividualsandbusinessesofsinglecurrency⋯⋯
714CharacteristicsofLessDevelopedCountries(LDCs)⋯⋯⋯⋯⋯
815ThetwocurrentissuesthatfaceLDCs⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
816ImpactsofmultinationalsonNewlyIndustrializedC