What Do Undergrads Need To Know About Trade?

Conceptual map

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What Do Undergrads Need To Know About Trade? by Mind Map: What Do Undergrads Need To Know About Trade?

1. NEED OF NEW PARADIGM

1.1. Production process that transforms exports into imports

1.2. International trade is another economic activiy

1.3. Is ruled by the same international and economic principles

1.4. Is not unprecedented, other countries has centuries of experience in IT

2. ESSENTIAL KNOWLEDGE OF INTERNATIONAL TRADE

2.1. Principles of International trade (IT)

2.2. Increase of importance for international business

2.3. Avoidance of missconceptions

3. POP INTERNATIONALISM

3.1. No consideration of basics in the international spectrum

4. COMPETING IN THE WORLD MARKET PLACE

4.1. Mutually beneficial exchange

4.2. A country gains the ability to import things it wants from trade

4.3. Exports are not an objective in themselve

5. PRODUCTIVITY

5.1. Is not about competition but about increasing consumption

5.2. Increases quality of live inside countries

6. HIGH VALUE SECTORS

6.1. High value per worker due to an average

6.2. Trap pf average "not that good in every field"

7. JOBS

7.1. Trade policy should be treated in terms of impacts instead of jobs levels

7.2. Microeconomic policies like tariffs have little net effect in jibs

8. A NEW PARTNERSHIP

8.1. Main competition must be inside of the country

8.2. Is not about favoring one domestic industry at the expense of others

9. WHAT MUST BE THAUGH

9.1. Trade deficits are selfcorrecting

9.2. International trade is about mutual benefits

9.3. International trade is not a competitive sport