Summary Export management (english edition) a european perspective

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ISBN-10 9001700322 ISBN-13 9789001700324
299 Flashcards & Notes
14 Students
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This is the summary of the book "Export management (english edition) a european perspective". The author(s) of the book is/are P de Blot in J Veldman board A C G M Bastiaansen. The ISBN of the book is 9789001700324 or 9001700322. This summary is written by students who study efficient with the Study Tool of Study Smart With Chris.

Summary - Export management (english edition) a european perspective

  • 1.1 Export in the context of developments in the world economy

  • In the World Economic Outlook, who were still the dominant influences on the economic prospects of the rest of the world, according to the IMF's semi-annual forecast for the world economy (2006-2007)?
    • USA
    • Europe
  • Is the internationalization in Europe slowing down since the credit crunch (kredietcrisis)?

    No, it is progressing within Europe in particular.

  • For what part of world trade is the EU responsible?
    1/5
  • Who remain the Netherlands' favourite trading partners, despite of the recession?
    1. Germany
    2. Belgium
    3. UK & France
    5. Spain
  • Top five countries for expected growth in export turnover within the EU:
    1. Romania
    2. Estonia
    3. Poland
    4. Sweden
    5. Bulgaria
  • Through which major hubs of Dutch logistical activity is effected a significant proportion of international trade?
    • The ports of Rotterdam & Amsterdam
    • Schiphol airport
  • What percentage of the Dutch export finds its destination within the EU member states?
    70%
  • Which markets are growing markets outside the EU?
    1. China
    2. Russia
    3. Brazil
    4. India
    5. USA
  • The Netherlands is an important global player both in ... and ...
    1. International commodity trade
    2. Providing international services
  • What are considered to be the key factors of the Dutch in the export market?
    1. Increased sales efforts (with the aid of more export staff or more agents and/or dealers)
    2. Improved economic situation
    3. Better product range
    4. Increase in selling price
    5. Establishing own sales office
    * The positive image of Dutch products
  • Factors that strongly influence the export situation:
    1. The cost of products and wages in the Netherlands
    2. Protectionism outside the EU
    3. Administrative costs
    4. Extent of product range, level of entrepreneurship and knowledge of foreign languages
    5. Product innovation
    6. Having a good local partner abroad
    7. Training of export staff
  • What does IMF stand for and what do they do?

    It stands for International Monetary Fund and it is the watchdog of the national financial systems. It tests them regularly for their 'financial health'.

  • 1.2 A more detailed definition of exporting and the Dutch situation in respect of export

  • What name would represent the Netherlands better than 'export country'?
    Trading country or distribution country
  • 1.2.1 Exportation, re-importation, re-exportation and transit

  • What does exportation mean?
    It means that commodities originating in a country leave the country physically and are sold abroad by a resident of that country; or that commidites leave the country again after having been processed.
  • Of which elements does export exist and what's the difference?

    • Exportation (export of goods manufactured in one country)
    • Re-importation (import of goods that are previously exported that underwent an added-value abroad (e.g. metal products))
    • Re-exportation (exportation of imports with little added value (usually flowers))
    • Transit (foreign goods arriving in the Netherlands and remain the property of its foreign owner (e.g. container transport)

  • Which element of export is especially important for the Netherlands?
    Re-importation
  • 1.2.2 International trade

  • What is the defenition of international trade?
    International trade comprises all exchange of goods and services which cross national boundaries.
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Which incoterms are most frequently used?
  1. EXW (Ex Works)
  2. FCA (Free Carrier)
  3. FOB (Free on Board)
  4. CFR (Cost and Freight)
  5. CIF (Cost, Insurance and Freight)
  6. CPT (Carriage Paid To)
  7. DDU (Delivered Duty Unpaid)
Which entry strategies are there?
  • Indirect export
  • Direct export
  • Cooperative export
What tools does the convergence policy of the EU give support in order to minimize regional differences?
  1. Hermin: shortfall in demand and inadequacy of supply (investment in infrastructure)
  2. Quest II: in respect of the supply side of the economy only (subsidies for investment and R&D)
Which programmes did the EU formulated in order to stimulate the accession of Eastern European candidate Member States, but also to encourage economic reforms in Eastern Europe?
  • PHARE (Poland and Hungary Assistance for the Reconstruction of the Economy)
    This programme was introduced in support of reforms in Poland and Hungary. Countries which joined later were:
    - Estonia
    - Latvia
    - Lithuania
    - Poland
    - Czech Republic
    - Republic of Slovakia
    - Hungary
    - Slovenia
    - Romania
    - Bulgaria
    - Albania

    (JOP = Joint Venture PHARE Programme)
    This programme is designed to encourage joint ventures in Central and Eastern Europe.)

  • TACIS (Technical Assistence for Commonwealth of Independent States)
    The programme was introduced in order to transfer Western know-how to candidate Member States. The aim is to create conditions which encourage private investment and thus stimulate the development of democracy and the market economy.

  • ECIP & JEV (European Community Investment Partners & Joint European Venture)
    The EU stimulates European companies to establish joint ventures with companies from developing countries.
What is European tendering?
When governments consider to make investments, they will look for parties (e.g. when the Dutch ministry of Finance wants to buy the newest computers). In that case there has to be a European Call for Tender for all suitable parties to compete. In this way governments can work more cost-efficiently and international competition is stimulated.
Name one aim of the EU in terms of government procurement

To make government contracts accessible to all companies established in the EU.

Harmonisation is effected by the foundation of...

Economic Unions

What is a customs union?

The participating countries impose a common tariff on outside countries.

What was the most important treaty in which the policy of free trade was laid down?

GATT (General Agreement on Tariffs and Trade)

What are the disadvantages of free policy trade?
  • The theory ignores the stages of the economic cycles of the countries. It also ignores the difference in culture and religion.
  • The theory sets great store by the effects of comparative costs and no allowance is made for the limitations of these effects.
  • Developing countries argue that international free trade discriminates against them (developing countries are for instance forced to specialize in agriculture and western countries specialize in technology; this will increase the gap between rich and poor).