In approaching the subject of this paper, a general overview of international trade, its scope, repartition and recent shifts will be presented at the outset. A natural statistic for international trade, i.e. the trading volume compared to GDP, is introduced and its shortcomings are highlighted. In attempting to improve on significance towards socio-economic considerations, more appropriate key ratios and parameters are presented and put into context by means of two examples. Effects of free trade are controversially discussed referring to work of several economists and adjoined to those of trade restrictions and closed markets. Finally, further aspects like dependency, trade and democracy as well as loss of culture are considered.
Inhaltsverzeichnis (Table of Contents)
- International Trade as a Tool for Socio-Economic Development of Countries
- International Trade: Scope, Repartition and Recent Shifts
- Trading Volume Compared to GDP
- More Appropriate Key Ratios and Parameters
- Free Trade: Controversial Effects
- Ricardo's Model
- Heckscher-Ohlin Theorem
- Intra-Industry Trade (IIA)
- Sociological Concerns of International Trade
- Inequality and Unemployment
- Income Inequality Across Countries
- The Middle Class in the Global Economy
- Trade, Dependency, and Democracy
- Trade and Democracy: A Virtuous Circle
- International Trade and Cultural Change
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper examines the role of international trade in socio-economic development, exploring its potential benefits and drawbacks. It aims to provide a comprehensive overview of international trade, its significance, and its impact on various aspects of development.- The scope, repartition, and recent shifts in international trade
- The impact of free trade and trade restrictions on socio-economic development
- The relationship between international trade, inequality, and unemployment
- The influence of international trade on dependency, democracy, and cultural change
- The multifaceted nature of international trade and its implications for global development
Zusammenfassung der Kapitel (Chapter Summaries)
The first part of the paper provides an overview of international trade, highlighting its growth in recent decades and discussing the shift in trade patterns between developed and developing countries. The paper then critiques the traditional measure of trading volume compared to GDP as an indicator of socio-economic development, suggesting more appropriate key ratios and parameters for comparison.
The subsequent section delves into the controversial debate on free trade, exploring the theoretical models of Ricardo and Heckscher-Ohlin and their implications for comparative advantage and specialization. The paper also examines the phenomenon of intra-industry trade (IIA) and its potential benefits for different economies.
The final section focuses on sociological concerns arising from international trade, such as inequality and unemployment. The paper discusses the impact of trade on income distribution and the changing middle class, highlighting the potential for both positive and negative effects depending on the context. The paper concludes by examining the broader implications of international trade for dependency, democracy, and cultural change, emphasizing the need for careful consideration of these factors in assessing its overall impact on socio-economic development.
Schlüsselwörter (Keywords)
The paper focuses on the key concepts of international trade, socio-economic development, free trade, trade restrictions, inequality, unemployment, dependency, democracy, and cultural change. It also delves into theoretical models such as Ricardo's model, the Heckscher-Ohlin theorem, and the concept of intra-industry trade. The paper further explores important indicators like GDP, the PQLI, and the Gini coefficient.- Quote paper
- Marcelo Anton (Author), 2013, International Trade as a Tool for Socio-Economic Development of Countries, Munich, GRIN Verlag, https://www.grin.com/document/269146
