F
SAMENVATTING
INTERNATIONAL TRADE
Supply Chain Management – Arteveldehogeschool
2021 – 2022
Ewout Vermeersch
,CHAPTER 1: INTRODUCTION TO INTERNATIONAL TRADE...............2
CHAPTER 2: GLOBALIZATION......................................................6
CHAPTER 3: THE STRATEGY OF INTERNATIONAL BUSINESS...........9
CHAPTER 4: MANAGING THE SUPPLY CHAIN...............................16
CHAPTER 5: INCOTERMS...........................................................26
CHAPTER 6: TRANSPORT DOCUMENTS.......................................34
CHAPTER 7: INTERNATIONAL PAYMENT TECHNIQUES..................39
CHAPTER 8: TRANSPORT MODES AND INTERMEDIARIES..............44
CHAPTER 9: RISKS IN INTERNATIONAL TRADE............................56
CHAPTER 1: GLOBAL MARKETING..............................................61
CHAPTER 2: INTERNAL ANALYSIS..............................................64
CHAPTER 3: MARKET SELECTION...............................................67
CHAPTER 4: MARKET ANALYSIS.................................................73
CHAPTER 5: MARKET ATTRACTIVENESS.....................................82
CHAPTER 6: MARKET APPROACH...............................................86
International trade Ewout Vermeersch 1
,CHAPTER 1: INTRODUCTION TO INTERNATIONAL TRADE
Open trade policies enable economic growth for all:
Higher incomes
Grow faster
Affordable goods and services
Reduce poverty
Can we do it in a sustainable way?
always take the 3 Ps into account:
People
Planet
Profit
Kate Rawoth’s donut economy:
12 social foundations to be reached
BUT: do not exceed the ecological ceiling => degradation of Earth
WHY INTERNATIONAL TRADE?
Adam smith: all nations would benefit from unregulated, free trade. This would allow individual
countries to specialize. theory of absolute advantage
David Ricardo: all countries do what they are best in and import the rest. the principle of comparative
advantage
Last few years: greater openness and liberalized trade. But protectionism has always immersed
Conclusion: advanced nations are realizing that economic growth and stability depend on a strategic
mix of trade policies, meaning both free trade & protectionism
International trade Ewout Vermeersch 2
, International trade Ewout Vermeersch 3
SAMENVATTING
INTERNATIONAL TRADE
Supply Chain Management – Arteveldehogeschool
2021 – 2022
Ewout Vermeersch
,CHAPTER 1: INTRODUCTION TO INTERNATIONAL TRADE...............2
CHAPTER 2: GLOBALIZATION......................................................6
CHAPTER 3: THE STRATEGY OF INTERNATIONAL BUSINESS...........9
CHAPTER 4: MANAGING THE SUPPLY CHAIN...............................16
CHAPTER 5: INCOTERMS...........................................................26
CHAPTER 6: TRANSPORT DOCUMENTS.......................................34
CHAPTER 7: INTERNATIONAL PAYMENT TECHNIQUES..................39
CHAPTER 8: TRANSPORT MODES AND INTERMEDIARIES..............44
CHAPTER 9: RISKS IN INTERNATIONAL TRADE............................56
CHAPTER 1: GLOBAL MARKETING..............................................61
CHAPTER 2: INTERNAL ANALYSIS..............................................64
CHAPTER 3: MARKET SELECTION...............................................67
CHAPTER 4: MARKET ANALYSIS.................................................73
CHAPTER 5: MARKET ATTRACTIVENESS.....................................82
CHAPTER 6: MARKET APPROACH...............................................86
International trade Ewout Vermeersch 1
,CHAPTER 1: INTRODUCTION TO INTERNATIONAL TRADE
Open trade policies enable economic growth for all:
Higher incomes
Grow faster
Affordable goods and services
Reduce poverty
Can we do it in a sustainable way?
always take the 3 Ps into account:
People
Planet
Profit
Kate Rawoth’s donut economy:
12 social foundations to be reached
BUT: do not exceed the ecological ceiling => degradation of Earth
WHY INTERNATIONAL TRADE?
Adam smith: all nations would benefit from unregulated, free trade. This would allow individual
countries to specialize. theory of absolute advantage
David Ricardo: all countries do what they are best in and import the rest. the principle of comparative
advantage
Last few years: greater openness and liberalized trade. But protectionism has always immersed
Conclusion: advanced nations are realizing that economic growth and stability depend on a strategic
mix of trade policies, meaning both free trade & protectionism
International trade Ewout Vermeersch 2
, International trade Ewout Vermeersch 3
