Retrobike Forum Index

It is currently Fri Dec 09, 2016 3:18 am

* Login   * Register * Search  * FAQ



Post new topic Reply to topic  [ 9 posts ] 
Author Message
PostPosted: Sat Dec 01, 2007 1:38 pm 
Retro Guru
User avatar

Joined: Sun Apr 29, 2007 2:29 pm
Posts: 389
hi,

any economists here? whats the word or phrase for when a country imports and exports the same product,

if there is such a word or phrase,

e.g. a country imports oranges from other countries and also has an agricultural industry which growths oranges and exports some or all of the oranges


Top
 Profile  
 
 Post subject:
PostPosted: Sat Dec 01, 2007 3:07 pm 
Gold Trader
Gold Trader
User avatar

Joined: Sat Jul 29, 2006 11:14 pm
Posts: 3849
Location: Somerset
Stupid? :wink:

I'm not an economist, but that seems daft to me. Of couse it happens...


Top
 Profile  
 
 Post subject:
PostPosted: Sat Dec 01, 2007 3:36 pm 
Retro Guru
User avatar

Joined: Sun Apr 29, 2007 2:29 pm
Posts: 389
yep,

I think it can be put down to trade routes (an exporter has to use another country to get goods to the final importer country).
Quality, size, etc, a country may produce a product that the consumer in that country will not buy or the producer can get more money for outside of that country, at the same time the country imports the same product which is more desired by the consumer of that country.
Also a trade agreement might mean a importer has agreed to accept a certain quantity of product which may oversupply the demand, so this is exported.
Then there is just normal trading for profit, one country imports to export to another country whilst adding value.

there may not be a word or phrase for it a lot, been googling too long on the topic,


Top
 Profile  
 
 Post subject:
PostPosted: Sat Dec 01, 2007 4:11 pm 
King of the DuckBoard
King of the DuckBoard

Joined: Sun Jan 28, 2007 12:30 pm
Posts: 21466
We import coal and we are sitting on hundreds of years of it.


Top
 Profile  
 
 Post subject:
PostPosted: Sat Dec 01, 2007 6:55 pm 
Retrobike's #1 Comedy Genius
Retrobike's #1 Comedy Genius
User avatar

Joined: Thu Jan 04, 2007 8:07 pm
Posts: 4104
Location: Wolkenkuckucksheim
Monetary Vindaloo??




Straight in, Straight Through..............


Top
 Profile  
 
 Post subject:
PostPosted: Sat Dec 01, 2007 11:10 pm 
Concours Judge
Concours Judge
User avatar

Joined: Wed Jul 06, 2005 3:59 pm
Posts: 8171
Location: a proper EU country
Hi,

In Holland we call it 'dozen schuiven' ...moving boxes in English :lol: For example containers with cheap toys from China arrive in Rotterdam and they sell them WITH A PROFIT to our eastern neigbours.

And that is not stupid.


Top
 Profile  
 
 Post subject:
PostPosted: Sun Dec 02, 2007 1:31 am 
Old School Grand Master
User avatar

Joined: Sat May 20, 2006 2:56 pm
Posts: 4776
Location: No brakes? Way to commit soldier.
I think that most economists see the Law of Comparative Advantage as the ideal way for countries to trade with each other. This is when countries specialise in the production of certain goods, and trade with their neighbours for other goods that they don't produce.

What you're suggesting seems to defy the 'law' so would probably just be classed as inefficient by a real economist.

There are reasons why it could/should happen though, for example if Country 'a' refuses to trade with country 'c', country 'b' may be used as an intermediary, buying cheap oranges from 'a' and selling to 'c' at a profit, whilst selling their own oranges domestically.


Top
 Profile  
 
 Post subject:
PostPosted: Sun Dec 02, 2007 11:48 pm 
Retro Guru
User avatar

Joined: Thu Aug 23, 2007 9:19 pm
Posts: 1568
Location: Europa
Intra-industry trade:
http://en.wikipedia.org/wiki/Intra-industry_trade

You might see this erroneously described as "Countertrade" by one web source. But Countertrade is something different.


Russell wrote:
I think that most economists see the Law of Comparative Advantage as the ideal way for countries to trade with each other....

What you're suggesting seems to defy the 'law' so would probably just be classed as inefficient by a real economist.


This suggests that countries trade to their own comparative advantage
(e.g. Got a lot of capital but little labour? Then use your abundant capital to buy labour-intensive goods from countries with lots of labour but little capital).

The above is described by the Hecksher-Ohlin model.
http://en.wikipedia.org/wiki/International_trade

But the H-O model ignores two-way trade and other anomalies.
http://nobelprize.org/educational_games/economics/trade/ohlin.html

"Real" economic theory assumes "perfect Markets".
Unfortunately, that is never the case. There are always market distortions or perverse incentives that act to distort those perfect trade conditions .

Typically, comparative advantages include factors such as domestic tax differences; international trade tariffs or barriers; labour cost inequalities; or non-costed market externalities like environmental damage that make it appear CHEAP (using economic theory) to convert natural resources into consumer export tat and ship cheap Chinese crap around the world using ever-scarcer and ever more damaging fossil fuels.
[/gets off high horse].

See the Leontief Paradox
http://hel.org.uk/business/gsm2comparative.htm

http://www.mapeters.fsnet.co.uk/Essays/ec504.htm

Also see "Reciprocal dumping" where bi-lateral trade is distorted by countries intentionally lowering their costs to dump goods in competing markets, thereby assisting their own export market and undercutting the target country's domestic market. Reciprocal dumping is when this occurs bi-laterally....

blah, blah, blah...

What a load of bolx.
Economics is mostly bunk and cannot be tested or falsified like the genuine sciences.
It's all just competing theories and conjecture.

None of it works perfectly in the real world and economists are no better at predicting economic outcomes than monkeys with a dartboard.


Top
 Profile  
 
 Post subject:
PostPosted: Mon Dec 03, 2007 10:36 am 
Retro Guru
User avatar

Joined: Sun Apr 29, 2007 2:29 pm
Posts: 389
thanks DM thats great


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 9 posts ] 

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 8 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  

About Us

Follow Retrobike

Other cool stuff

All content © 2005-2015 Retrobike unless otherwise stated.
Cookies Policy.
bikedeals - the best bike deals in one place
FatCOGS - Fat Chance Owner's Group

Powered by phpBB® Forum Software © phpBB Group