Export Import Management
Basics of International Trade & Transportation
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- Author
- Dr. Premkumar Balaraman
- Publisher
- Akhand Publishing House
- Categories
- Economics, Home Page Carousel, International Relations, Management
- ISBN
- 9789381416525
- Edition
- 2019
- Format
- Hard Bound
- Size
- Royal
- Pages
- 411
Description
This book studies the dynamics, theories, and impacts of international trade within the global economy. It examines the historical evolution of trade, tracking how globalization, technological advancements, and production fragmentation have expanded markets and influenced national economies. The text details classical country-based trade theories, such as absolute and comparative advantage, mercantilism, and factor endowments, alongside modern firm-based theories, including the product life cycle and global strategic rivalry. Furthermore, the book explores the fundamental concept of the balance of payments and the economic gains generated by trade, such as increased efficiency, reduced production costs, and higher standards of living. It also addresses trade barriers like tariffs, subsidies, and quotas, analyzing their roles in protecting domestic industries. Finally, the volume weighs the comprehensive advantages and disadvantages of global trade, from enhanced competitiveness and consumer choice to local market vulnerabilities, and reviews recent trade projections and economic growth trends.