芬斯特拉《国际贸易》课后习题答案第1章.pdf
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S-1SolutionsManualtoEnd-of-ChapterQuestionsTradeintheGlobalEconomy1.Figures1-2and1-7relyondatafromtheyear2006,andFigure1-6reliesondatafrom2005,tomapworldwidetrade,migration,andforeigndirectinvestment.Up-dateddataformigrationandforeigndirectinvestmentwerenotavailableatthetimeofwritingthischapter,butareavailableforworldwidetrade.InthisquestionyouareaskedtoupdatethenumbersforworldtradeshowninTable1-1.a.GototheWorldTradeOrganizationwebsiteatwww.wto.organdlookfortheirtradedataunder“Resources”and“Statistics.”1LookforthemostrecenteditionoftheirInternationalTradeStatisticspublication,thengoto“TradebyRegion”andfindtheExcelspreadsheetwith“Intra-andInter-regionalMerchandiseTrade.”Printoutthistable.Ifyoucannotfindthewebsiteorspreadsheet,usethe2005tablefor“In-tra-andInter-regionalMerchandiseTrade,”whichisprintedbelow:
b.Fromthistable,whatisthetotalamountoftradewithinEurope?
Whatpercent-ageisthisoftotalworldtrade?
Answer:
$4,695billion,whichis29.9%oftheworldtotalS-31DestinationNorthSouth&MiddleOriginAmericaCentralAmericaEuropeCIS*AfricaEastAsiaWorldValueWorld$2,708$583$6,736$517$458$618$3,903$15,717NorthAmerica1,0151653691634603762,036South&CentralAmerica16915912191712101600Europe475964,6952401861894876,447CommonwealthofIndependentStates(CIS)3610406135112577703Africa1221921825314114558MiddleEast11771267371225691,021Asia7751288011081211962,1814,353Source:
WTO,InternationalTradeStatistices2009Intra-andInter-regionalMerchandiseTrade,2008(BillionsofU.S.Dollars)1Thetradestatisticsareathttp:
/www.wto.org/english/res_e/statis_e/its2009_e/its09_world_trade_dev_e.htm.c.Whatisthetotalamountoftrade(ineitherdirection)betweenEuropeandNorthAmerica?
AddthattothetotaltradewithinEurope,andcalculatetheper-centageofthistotheworldtotal.Answer:
$(369?
475)?
$844billion.Addingthattointra-Europeantrade,weobtain35.2%oftheworldtotal.d.WhatisthetotalamountoftradewithintheAmericas(i.e.,betweenNorthAmerica,CentralAmerica,SouthAmerica,andwithineachoftheseregions)?
Whatpercentageisthisoftotalworldtrade?
Answer:
$(1,015+165+169+159)=$1,508billion,or9.6%oftheworldtotale.WhatisthetotalvalueofexportsfromEuropeandtheAmericasandwhatper-centageisthisoftheworldtotal?
Answer:
$(2,036+600+6,447)=$8,983billion,or57.8%oftheworldtotalf.WhatisthetotalvalueofexportsfromAsia,andwhatpercentageisthisoftheworldtotal?
Answer:
$4,353billion,whichis27.7%oftheworldtotalg.WhatisthetotalvalueofexportsfromtheMiddleEastandtheCommonwealthofIndependentStates2andwhatpercentageisthisoftheworldtotal?
Answer:
$(1,021?
703)?
$1,724billion,whichis11%oftheworldtotalh.WhatisthetotalvalueofexportsfromAfrica,andwhatpercentageisthisoftheworldtotal?
Answer:
$298billion,whichis3.5%oftheworldtotali.Howdoyouranswersto(b)through(h)comparewiththesharesofworldwidetradeshowninTable1-1?
Answer:
Thesharescomputedin(b)through(h)arequitesimilartoTable1.1.BotharewithinonepercentagepointofTable1-1.2.ThequotationfromFederalReserveChairmanBenBernankeatthebeginningofthechapterisfromaspeechthathepresentedinJacksonHole,Wyoming,onAugust25,2006,entitled“GlobalEconomicIntegration:
WhatsNewandWhatsNot?
”Thefulltranscriptofthespeechisavailableathttp:
/www/federalreserve.gov/newsevents/speech/bernanke20060825a.htm.Readthisspeechandanswerthefol-lowingquestions:
a.ListthreewaysinwhichinternationaltradetodayisnotthatdifferentfromthetradethatoccurredbeforeWorldWarI.Answer:
i)Physicaldistanceisthesame.ii)Newtransportationmethodsallowformoretrade.iii)Governmentsfosteropentrade,aswellasfinancialflows.iv)Somegroupsareopposedtofreetrade.v)Therangeofgoodsthataretradablehasbroadened.b.ListthreewaysinwhichinternationaltradetodaydoesdifferfromthetradethatoccurredbeforeWorldWarI.Answer:
i)Intra-industrytradehasincreased.S-4SolutionsChapter1TradeintheGlobalEconomy2TheCommonwealthofIndependentStatesconsistsof:
Azerbaijan,Armenia,Belarus,Georgia,Kazakhstan,Kyrgyzstan,Moldova,Russia,Tajikistan,Turkmenistan,Uzbekistan,andUkraine.ii)Informationandcommunicationtechnologiespermittradeinservices.iii)Scaleandpaceofgrowthintradeisfaster.iv)Core-peripherypatternisnolongerrelevant.v)Fragmentationofproductionprocesseshasoccurred.vi)Capitalmarketsaremoremature,andgrossflowsarelarger.SolutionsChapter1TradeintheGlobalEconomyS-5