Comparative Advantage - 11136 Words

Table of Contents ABSTRACT 2 INTRODUCTION 4 I. BACKGROUND 6 1.Theory of comparative advantage 6 2.Vietnam latest Export and Import situation 7 II. PAST AND RELATED WORK 16 III.EXAMPLE OF VIETNAM 18 1.Comparative advantages of Vietnam in exporting rice 18 2.Comparative advantage of Vietnam in exporting coffee after the collapse of ICA. 23 3.Example of Vietnam, appliance of theory of comparative advantage in exporting textiles: 32 IV.VIETNAM GAINS OR LOST FROM TRADE 38 IV.FUTURE WORK 52 CONCLUSION 54 REFERENCE 56 ABSTRACT This paper explores the â€Å"application of theory of comparative advantage in Vietnam’s export and import and the gain and loss of the economy in trade†. The research method is firstly study basic†¦show more content†¦However, pressure from the open market has posed big challenges for the national economy, especially to domestic businesses due to their limited competitiveness and small-scale production. Moreover, there has been ineffective use of foreign capital and the progress of foreign investment disbursement is still slow. Therefore, how to make full use of advantages to develop a healthy comparative environment and strictly implement commitments to create good conditions for businesses actually is a controversial question. In this research, we focus on: â€Å"application of theory of comparative advantage in Vietnam’s export and import and the gain and loss of the economy in trade†. The research intended for people who want to comprehend more about the recently situation of import and export in Vietnam. Besides, we bring to users basic knowledge and implication of comparative advantage in those situation of Vietnam through example of exporting coffee after the collapse of ICA. For the purpose of this research, we have collected many relevant precious information from GSO (General Statistics Office of Vietnam), FIA (Ministry of Planning and Investment- Foreign Investment Agency), and other consequential sources. Every important thing is clear and consistent in whatever you choose for your own research. Part III introduces the close-up of theory of comparative advantage. Part IV fully illustrates the situation of Vietnam through theShow MoreRelated comparative advantage Essay1035 Words   |  5 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;The theory of comparative advantage is perhaps the most important concept in international trade theory. As the economies that exist in our world our becoming increasingly more intertwined, it is becoming even more important. Nearly every country in the world depends on other countries to supply them with goods that they cannot produce in their own country. I believe that comparative in necessary in today’s economy. 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