HND Economics 2 The World Economy世界经济学报告.doc

Economics 2: The World Economy
Rework


Introduction 1
Three gains from trading internationally 1
International trade 1
Absolute parative advantage 2
The protectionism 2
The two barriers to trade 3
The Role of WTO in the Development of Free Trade 3
The Role of EU in Promoting Trade 4
The balance of payments 5
The General Trends in UK Trade Over the Last 30 Years 6
The Exchange Rate and the Balance of Payments 7
The Single Currency For the UK 7
The Single Currency for the UK Affect on Individuals and Business 8
Less Developed Countries (LDCs) 9
The current issues to face 9
Impacts of multinationals ( MNCs) 9
Conclusion 10
Reference 10
Introduction:
As a member of the government of nation on the periphery of Europe, it is my obligation to illustrate the benefits of joining the EU to the Premier. In this report, I will analyze 15elements in next three parts to make a clear explanation of benefits of joining the EU.
Three gains from trading internationally:
First , effectively using of the global resources, enriching and promoting the people’s life. We can buy materials and other products from other countries to very low prices, for example, if there are no international trading, people in Japan can not get farm produce easily, and can not buy the raw material used to make high-tech products to low prices.
And second, greater range modities for people, people can buy modities in the domestic shops which is through the international trade. Like people can buy the product from other country, but this e true before international trade.
In finally, the producers can obtain benefits of economies of scale. This is from multi- nationals. Such as China not only brings us wealth, but it also gives them the opportunity to know people all over the world international trade. Besides, Average annual growth of foreign direct investment more than 40%,2010 to reach $ billion.
Free trade
Free trade is a concept that there is no barrier to goods and