Publisher's Synopsis
The exchange of goods, capital and services across international borders is termed as international or global trade. It is a complex process that occurs between a minimum of two countries. A wide variety of factors such as government, currency, trade policies, economy, judiciary, laws and market regulations have a considerable influence on international trade. Products sold by a country are termed as its exports. International trade opens up horizons for consumers and nations with exposure to unknown markets and products. Some of the common commodities of international trade are oil, food, clothes jewelry, spare parts and currencies. Various theories and models are utilized for the analysis of international trade. A few of them are the Heckscher-Ohlin model, specific factors model, Ricardian model and Adam Smith's model. The topics included in this book on international trade are of utmost significance and bound to provide incredible insights to readers. Some of the diverse topics covered herein address the varied branches that fall under this category. Those with an interest in the international trade field would find this book helpful.
