CHAPTER 13

International Trade

CHAPTER OBJECTIVES

After studying this chapter, you should be able to:

  1. Understand the basics of international trade.
  2. Discuss the evolution and structure of the World Trade Organization (WTO).
  3. Analyse the trends in world trade over the years.
  4. Gain insights into India’s external sector.
  5. Gain an overview of modes of payment in international trade
  6. Discuss institutional export credit in India.
  7. Examine the role of the Export-Import (Exim) Bank and the Export Credit Guarantee Corporation (ECGC).

Introduction

Globalization has become a buzzword all over the world. Today, every country and every institution is talking about globalization. Although globalization means many things to many people, it is often referred to ...

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