Answer to Question #232389 in Management for Sukoluhle

Question

3305 workbook

Question 1    Describe fundamentals of international trade     

Question 2    Describe the current and past direction of international capital flows

Question 3    Describe the South African current international trade situation

Question 4    Describe the role of trade policy. Describe the Fundamental concepts of trade policy

Question 5    Give a detailed explanation of international trade process

Question 6    Describe concepts and aims of counter/reciprocal/barter trade

Question 7    Describe the impact of forward cover on pricing

Question 8    Identify legal principles involved in purchasing

Answer 1

Question 1:

• Correcting a direct deficit
• Trade Gap
• Invisible Trade
• Visible Trade
• Balance of PaymentsQuestion 2:

Question 3:

South Africa is presently the 39^th largest goods trading partner with the United States of America with a $13.2 billion in total goods trade during 2019.

Goods exports = $5.4 billion

Goods imports t= $7.8 billion

Question 4:

Trade policies govern the size of markets for output companies, consequently influencing foreign and internal investment operations between nations. They are determined by

• international trading organizations
• Antidumping duties
• Administrative policies
• Local content requirements
• Export restraints
• Quotas, subsidies and tariffs

Question 5:

Question 6:

Counter trades aim at providing nations with insufficient liquid funding with a platform from which foreign currency can be conserved by paying for the exchange of goods and services with other goods and services.

Question 7:

The forward cover aids in procuring a goods or a service in future at a fixed price thereby fortifying that organizations are protected against price increases.

Question 8:

• Integrity
• Integration.
• Fair-dealing.
• Value for Money.
• Effectiveness.
• Consistency.
• Competitive Supply.
• Accountability.