New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

LOGT 4232 Week 1 Class Notes Aug 16-18

by: Tavish Smith

LOGT 4232 Week 1 Class Notes Aug 16-18 LOGT 4232

Marketplace > Georgia Southern University > Logistics > LOGT 4232 > LOGT 4232 Week 1 Class Notes Aug 16 18
Tavish Smith
GPA 3.93
View Full Document for 0 Karma

View Full Document


Unlock These Notes for FREE

Enter your email below and we will instantly email you these Notes for International Logistics

(Limited time offer)

Unlock Notes

Already have a StudySoup account? Login here

Unlock FREE Class Notes

Enter your email below to receive International Logistics notes

Everyone needs better class notes. Enter your email and we will send you notes for this class for free.

Unlock FREE notes

About this Document

These are the class notes from week 1 (August 16th through 18th) with some textbook supplements.
International Logistics
Heidi Celebi
Class Notes
Logistics, International




Popular in International Logistics

Popular in Logistics

This 3 page Class Notes was uploaded by Tavish Smith on Tuesday September 6, 2016. The Class Notes belongs to LOGT 4232 at Georgia Southern University taught by Heidi Celebi in Fall 2016. Since its upload, it has received 3 views. For similar materials see International Logistics in Logistics at Georgia Southern University.

Similar to LOGT 4232 at GSU

Popular in Logistics


Reviews for LOGT 4232 Week 1 Class Notes Aug 16-18


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 09/06/16
Week 1 – August 18, 2016 Chapter 1 – International Trade International Trade Milestone  Bretton-Wood Conference (1944) o Creation of the International Monetary Fund (1945)  Biggest borrower = Portugal, Greece, Ireland, & Ukraine  After WWII  Stability o First general agreement on tariffs and trade (Geneva, 1948)  Treaty of Rome (1957) o European Union  World Trade Organization (1995)  The Euro’s creation (1999) and placement in circulation (2002) o Maastricht Major Exporting Countries 1. China = 11.2% 2. United States = 8.4% 3. Germany = 7.7% 4. Japan = 4.4% Major Importing Countries 1. United States = 12.6% 2. China = 9.8% 3. Germany = 6.3% 4. Japan = 4.8% Surplus: selling more than buying (China and Germany) Deficit: buying more than selling China is exporting more and more US imports has not increased International Trade Drivers  Cost drivers: companies increase their sales worldwide to recover their high investment costs o Re-shoring due to operational costs o Increase revenue o Supplier/supply cost o Fixed cost  Competition drivers: companies enter foreign markets to keep up with their competitors, retaliate against them, or enter a market first o Retaliation o Detrimental (local)  Market drivers: companies enter foreign markets because their customers expect them to be present in those countries o Changing lifestyles, preferences, tastes o Expanding o Sector/industry o Untapped  Technology drivers: companies enter foreign markets because their customers use technology to make purchases from these markets o Easier to buy o Transparency o Market leader o Create market/preference Why is global trade becoming more global?  Laws loosened  Lower cost, less time to transport  People “OK” with buying foreign goods International Trade Theories  Theory of absolute advantage o Adam Smith o If a country can produce a certain good more efficiently than other countries, it will trade with countries that product other goods more efficiently  Theory of comparative advantage o David Ricardo o Nations will trade with one another as long as they can produce certain goods relatively more efficiently than one another o The reason one country’s labor is better than another’s is because the technology is better o Consider?  Cost?  Renewable?  Static?  Technological advances?  International product life cycle theory o Raymond Vernon o Over it’s life, a product will be manufactured in different types of countries, in stages, generating trade between these countries  Stage 1: product is created in developed country, using new technology and serving a market need  Stage 2: as sales grow, competitors start to make similar products in other developed countries, responding to local needs  Stage 3: manufacturing of product has become routine and costs need to be reduced, and production moves to developing countries  Cluster theory o Michael Porter o Competitive clusters form when companies in the same industry, as well as their suppliers, concentrate in one geographic area. o When this happens, the companies “feed” on each other’s know-how, pushing them to innovate faster. o They become so efficient and innovative that they become world-class suppliers  Logistics cluster theory o Yossi Sheffi o Form when logistics companies concentrate in one geographic area o When this happens, the companies allow manufacturers to operate more efficiently, since all the services they need to ship are located in one area o The logistics suppliers, even though they are competitors, actually help each other attract new customers


Buy Material

Are you sure you want to buy this material for

0 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Anthony Lee UC Santa Barbara

"I bought an awesome study guide, which helped me get an A in my Math 34B class this quarter!"

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.