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Essay / Research Paper Abstract
This 9 page paper looks at a New Zealand cattle farmer and considers the issues that may need to be considered before international trade is considered. The paper looks at relevant theories, including an explanation of intentional trade theory, the potential cultural barriers to trade and the approach that may be adopted to enter new markets under the Uppsala model. The bibliography cites 10 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEbeefexp.rtf
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Unformatted sample text from the term paper:
a premium beef farmer in New Zealand that is already selling to top restaurants and has funding available to expand. In order to consider the way to expand, and understand
the drivers of international trade in order to help with the identification of potential target markets as well as look at the way in which the expansion may take place
and barriers that will have to be overcome. 2. International Trade Theory In order for the beef farmer to assess the way that trade takes
place the first stage is to look at international trade theory, as this is the driver behind international trade, this will help to create understanding ion how trade flows take
place and may also facilitate increased appreciation of the markets that are likely to be most receptive and offer the greatest opportunity.
To start this we can start by looking at the concept of absolute advantage, considering the theory and the way not takes place, the concept of comparative advantage may be
seen as built on the earlier idea of absolute advantage, so a basic understanding is essential in the consideration of international trade theory.
The foundations of what was to become the theory of comparative advantage start with the Scottish economist Adam Smith, although this is not the formation of the theory. Smith
stipulates that each nation should concentrate on producing goods where they have the absolute advantage (Thompson, 2007, Smith 1994). This means that they should produce the goods that they can
produce in a more effective manner than any other nation. Conversely, in international trade they should also import any commodity where they
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