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E-mail : apply@acasc.cn
- Application Deadline:2017/04/11
- Tuition:￥22000.00
- Application Fee:￥800.00
- Service Fee:￥350.00
Sichuan University is located in Chengdu, a famous historical and cultural capital city of Sichuan Province, known as “the land of abundance”. It consists of three campuses:Wangjiang, Huaxi and Jiang’an, covering an area of 470 hectares and boasting 2.515
Find more information on the university websiteApplying through ACASC generally takes a few minutes to complete. It takes 5 steps to complete the application.
1. Click “Apply Now” button at the top of the page.
2. Fill in online application form.
3. Upload required documents.
4. Pay the application fee and the ACASC service fee
5. Click “Submit” button.
Important notice: In order to apply, you need to create an account with ACASC.
Program Description
International trade is the exchange of capital, goods, and services across international borders or territories. It is the exchange of goods and services among nations of the world.In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Trail of tears, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments.
Industrialization, advanced technology, including transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders. International trade is, in principle, not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. The main difference is that international trade is typically more costly than domestic trade. The reason is that a border typically imposes additional costs such as tariffs, time costs due to border delays and costs associated with country differences such as language, the legal system or culture.
Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries. Thus international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labor or other factors of production. Trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example is the import of labor-intensive goods by the United States from China. Instead of importing Chinese labor, the United States imports goods that were produced with Chinese labor. One report in 2010 suggested that international trade was increased when a country hosted a network of immigrants, but the trade effect was weakened when the immigrants became assimilated into their new country.
International trade is also a branch of economics, which, together with international finance, forms the larger branch called international economics.
