{"id":1335,"date":"2022-09-06T13:12:31","date_gmt":"2022-09-06T13:12:31","guid":{"rendered":"https:\/\/arsiunelearning.net\/newweb\/?page_id=1335"},"modified":"2022-09-14T12:42:16","modified_gmt":"2022-09-14T12:42:16","slug":"international-trade-and-investment-management-department-overview","status":"publish","type":"page","link":"https:\/\/arsiunelearning.net\/newweb\/international-trade-and-investment-management-department-overview\/","title":{"rendered":"Department of International Trade and Investment Management Overview"},"content":{"rendered":"\n

BACKGROUND AND JUSTIFICATION OF THE PROGRAM<\/strong><\/p>\n\n\n\n

International trade is growing faster than the world output, indicating that a growing proportion of the national output is traded internationally or that the international market is more dynamic than the national markets. Thanks to the ongoing globalization, barriers to cross-border businesses have been disappearing or diminishing substantially and a borderless business world is emerging. Globalization makes the business environment increasingly global even for domestic firms. It is the internationalization and globalization that is creating many business opportunities for developed and even developing countries.<\/p>\n\n\n\n

The major competition which many Ethiopian firms encounter in the home market now, for instance, is from foreign firms \u2013 they now face a substantially growing competition from goods that are imported. Whether liked or not, globalization has become inevitable fact today regardless of a country\u2019s level of economic development.<\/p>\n\n\n\n

International trade is the exchange of goods and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. Increasing international trade is basic to globalization.<\/p>\n\n\n\n

International trade not only results in increased efficiency but also allows countries to participate in a global economy, encouraging the opportunity of foreign direct investment (FDI), which is the amount of money that individuals invest into foreign companies and other assets. In theory, economies can therefore grow more efficiently and can more easily become competitive economic participants. For the receiving government, FDI is a means by which foreign currency and expertise can enter the country. These raise employment levels and, theoretically, lead to a growth in the gross domestic product. For the investor, FDI offers company expansion and growth, which means higher revenues.<\/p>\n\n\n\n

The importance of Trade and Investment in development is well established. In today\u2019s world, trade is a prime mover of the global economy in which investment is the main tool.<\/p>\n\n\n\n

PROGRAM OBJECTIVES<\/strong><\/p>\n\n\n\n

Under the stress of business globalization, the demand for international trading personnel is increasing tremendously. Therefore, the department now offers an International Trade and Investment Program aimed at training students to become international business professionals. In addition to theoretical and practical International Business and Investment knowledge, students in this program will also be given up-to-date on-hand computer training and foreign language courses to meet the urgent needs of domestic business.<\/p>\n\n\n\n

General Objective<\/strong><\/p>\n\n\n\n

The department\u2019s general objective is to prepare our students to enter International Trade and Investment Management profession in the public, industry, and not-for-profit sectors through excellent teaching and pedagogy and through the creation of a sound learning environment. In support of this objective, our department will produce intellectuals that contribute to the improvement of Ethiopian Foreign trade and Investment. We will also keep on forming professional relationship with different companies and Industries through professional practice of students and Inviting guest lecturers from companies and industries.<\/p>\n\n\n\n

Specific Objectives<\/strong><\/p>\n\n\n\n

The specific objectives of this program are:<\/p>\n\n\n\n