《国际贸易》芬斯特拉版人大版练习题答案01.pdf

S-1 Solutions Manual to End-of-Chapter Questions Trade in the Global Economy 1.Figures 1-2 and 1-7 rely on data from the year 2006, and Figure 1-6 relies on data from 2005, to map worldwide trade, migration, and foreign direct investment. Up- dated data for migration and foreign direct investment were not available at the time of writing this chapter, but are available for worldwide trade. In this question you are asked to update the numbers for world trade shown in Table 1-1. a.Go to the World Trade Organization website at and look for their trade data under “Resources” and “Statistics.”1Look for the most recent edition of their International Trade Statistics publication, then go to “Trade by Region” and fi nd the Excel spreadsheet with “Intra- and Inter-regional Merchandise Trade.” Print out this table. If you cannot fi nd the website or spreadsheet, use the 2005 table for “In- tra- and Inter-regional Merchandise Trade,” which is printed below: b.From this table, what is the total amount of trade within Europe? What percent- age is this of total world trade? Answer: $4,695 billion, which is 29.9% of the world total S-3 1 Destination North South & Middle OriginAmericaCentral AmericaEuropeCIS*AfricaEastAsiaWorld Value World$2,708$583$6,736$517$458$618$3,903$15,717 North America1,0151653691634603762,036 South & Central America16915912191712101600 Europe475964,6952401861894876,447 Commonwealth of Independent States (CIS)3610406135112577703 Africa1221921825314114558 Middle East11771267371225691,021 Asia7751288011081211962,1814,353 Source: WTO, International Trade Statistices 2009 Intra- and Inter-regional Merchandise Trade, 2008 (Billions of U.S. Dollars) 1The trade statistics are at /english/res_e/statis_e/its2009_e/its09_world_trade_dev_e.htm. c.What is the total amount of trade (in either direction) between Europe and North America? Add that to the total trade within Europe, and calculate the per- centage of this to the world total. Answer: $(369 ? 475) ? $844 billion. Adding that to intra-European trade, we obtain 35.2% of the world total. d.What is the total amount of trade within the Americas (i.e., between North America, Central America, South America, and within each of these regions)? What percentage is this of total world trade? Answer: $(1,015 + 165 + 169 + 159) = $1,508 billion, or 9.6% of the world total e.What is the total value of exports from Europe and the Americas and what per- centage is this of the world total? Answer: $(2,036 + 600 + 6,447) = $8,983 billion, or 57.8% of the world total f.What is the total value of exports from Asia, and what percentage is this of the world total? Answer: $4,353 billion, which is 27.7% of the world total g.What is the total value of exports from the Middle East and the Commonwealth of Independent States2and what percentage is this of the world total? Answer: $(1,021 ? 703) ? $1,724 billion, which is 11% of the world total h.What is the total value of exports from Africa, and what percentage is this of the world total? Answer: $298 billion, which is 3.5% of the world total i.How do your answers to (b) through (h) compare with the shares of worldwide trade shown in Table 1-1? Answer: The shares computed in (b) through (h) are quite similar to Table 1.1. Both are within one percentage point of Table 1-1. 2.The quotation from Federal Reserve Chairman Ben Bernanke at the beginning of the chapter is from a speech that he presented in Jackson Hole, Wyoming, on August 25, 2006, entitled “Global Economic Integration: Whats New and Whats Not?” The full transcript of the speech is available at http:/www// newsevents/speech/bernanke20060825a.htm. Read this speech and answer the fol- lowing questions: a.List three ways in which international trade today is not that different from the trade that occurred before World War I. Answer: i)Physical distance is the same. ii)New transportation methods allow for more trade. iii) Governments foster open trade, as well as fi nancial fl ows. iv)Some groups are opposed to free trade. v)The range of goods that are tradable has broadened. b.List three ways in which international trade today does differ from the trade that occurred before World War I. Answer: i)Intra-industry trade has increased. S-4Solutions Chapter 1 Trade in the Global Economy 2The Commonwealth of Independent States consists of: Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan, and Ukraine. ii)Information and communication technologies permit trade in services. iii)Scale and pace of gro