Comercio y Negocios Internacionales

1. Make a documentary or electronic research about:




• ABSOLUTE ADVANTAGE


The ability of an economic actor to produce some particular good or service with a smaller totalinput of economic resources (land, labor, capital) per unit of output than other economic actor.






• COMPARATIVE ADVANTAGE

The ability of one economic actor to produce someparticular good or service at a lower opportunity cost than other economic actors can.

A country should specialize in producing and exporting only those goods and services which it canproduce efficiently (at lower opportunity cost) than other goods and services (which it should import).




• THE HECKSCHER-OHLIN MODEL

The H-O says that countries should produce andexport goods that require resources (factors) that are abundant and import goods that require resources in short supply.

Should specialize in producing and exporting products that use thefactors that are most abundant and those are the cheapest to produce.







2. What is Globalization?




Globalization is an elimination of barriers to trade, communication, andcultural. Globalization is that worldwide openness will promote the inherent wealth of all nations.








3. Definition of:






• SOCIALISM


A theory of system ofsocial organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, in the community as a whore.




• CAPITALISMThe manes for producing and distributing goods (lands, technology) are owned by this group of people. It’s an economic system that includes private ownership.







4. Comparative tablebetween International Trade and Business.



|INTERNATIONAL TRADE |INTERNATIONAL BUSINESS |
|The exchange of...