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International Marketing of Agri-products
Syllabus ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
International Economics-Issues &Challenges ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Need for a separate theory of IT: Classical View ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
No Need for a separate theory of IT: Ohlin’sView ,[object Object],[object Object],[object Object]
Inter-Regional & International Trade ,[object Object],[object Object],[object Object]
Forces behind Internationalisation ,[object Object],[object Object],[object Object]
Inter-Regional & International Trade- Comparison ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… ..Contd ,[object Object],[object Object],[object Object]
Smith’s Theory of Absolute Differences in Costs Country Commodity X Commodity X The division of labor at international level requires absolute differences in costs and every country should specialize in the production of that commodity which it can produce more cheaply than others. A 10 5 B 5 10
Ricardo’s Theory of Comparative Differences in Costs: Assumptions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Assumptions contd… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Theory contd.. Country Wine  Cloth England 120 100 Portugal 80 90
Domestic Exchange Ratio England Portugal Wine 120 : 100 Cloth 1:1.2 Wine 80 : 90 Cloth 1:0.89 Cloth 100 : 120 wine 1:0.83 Cloth 90: 80 Wine 1:1.13
Criticism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Haberler’s Theory of Opportunity Costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Opportunity Costs……. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Opportunity Costs……. ,[object Object],[object Object],[object Object]

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International marketing of Agri-products

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Smith’s Theory of Absolute Differences in Costs Country Commodity X Commodity X The division of labor at international level requires absolute differences in costs and every country should specialize in the production of that commodity which it can produce more cheaply than others. A 10 5 B 5 10
  • 11.
  • 12.
  • 13. Theory contd.. Country Wine Cloth England 120 100 Portugal 80 90
  • 14. Domestic Exchange Ratio England Portugal Wine 120 : 100 Cloth 1:1.2 Wine 80 : 90 Cloth 1:0.89 Cloth 100 : 120 wine 1:0.83 Cloth 90: 80 Wine 1:1.13
  • 15.
  • 16.
  • 17.
  • 18.