CHAPTER 5
International Trade Theories
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Understand the meaning of international trade
- Analyse the classical trade theories
- Compare and contrast the theory of absolute advantage and comparative advantage
- Relate the importance of the product life cycle theory with trade and product development
- Review recent trends in world trade
TOY INDUSTRY DRIVES INDIAN EXPORTS
The Indian Toy Industry is in the news as a driver of exports, recording a rise in earnings from USD 109 million (` 812 crore) to USD 177 million (` 1,237 crore); between 2018–19 and 2021–22, and a decline in imports from USD 371 million (` 2,593 crore) to USD 110 million (` 819 crore) during the same period. ...
Get Fundamentals of International Business, 5th Edition by Pearson now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
