8

Political Economy of International Trade

LEARNING OBJECTIVES

After going through this chapter, you should be able to:

  • Examine the rationale behind different forms of trade protection

  • Explain the various forms of trade regulation

  • Distinguish between tariff and non-tariff barriers to trade

  • Appreciate the relevance of the changing trade situation for the international business manager

  • Understand the institutional framework of the multilateral trade environment as well as the direction of foreign trade in India

  • Examine the different avenues of export promotion in the Indian context

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