GLOBALIZATION AND INTERNATIONAL TRADE

GLOBALIZATION AND INTERNATIONAL TRADE

1. ORIGINATED BY

   • THE CONQUEST, INDUSTRIAL REVOLUTION, WORLD WARS, POST-WAR ECONOMIES

2. RICARDIAN MODEL (COMPARATIVE ADVANTAGE)

   • BEGINNINGS OF INTERNATIONAL TRADE
     • COLLABORATES DECISIVELY TO THIS SPECIALIZATION
   • USE OF SCALE ECONOMIES
   • SPECIALIZATION IN THAT WHICH EACH COUNTRY PRODUCES

3. MODEL OF HECKSCHER - OHLIN

   • TWO PRODUCTION FACTORS THAT CAN BE ASSIGNED BETWEEN TWO SECTORS
     • HELPS UNDERSTAND HOW RESOURCE ALLOCATION CAN AFFECT THE TRADE PATTERN

4. PROCESS

   • TECHNOLOGICAL
     • ENVIRONMENT
       • HEALTH
       • MAXIMUM USE OF RESOURCES
     • TECNIFICATION
     • CONNECTIVITY
       • TELECOMMUNICATIONS
       • INTERNET
       • SOCIAL NETWORKS
       • TIC's
     • TRANSPORT
     • ECONOMIC
       • FREE TRADE
         • EXPORT
         • MULTINATIONAL
           • CONSUMERISM
             • INDUSTRIALIZATION
             • DIVISION OF SOCIAL CLASSES
               • PRIVATIZATION
                 • ECONOMIC MONOPOLIES

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