Section I International Trade Theory and Policy
CHAPTER 1 INTRODUCTION TO INTERNATIONAL TRADE
l The Reasons for International Trade
1. Get the goods needed
2. Gain economic benefits
3. Other reasons
2 The Differences between International Trade and
Domestic Trade
1. More complex context
2. More difficult and risky
3. Higher skills required
3 Basic Concepts Relating to International Trade
1. Visible trade and invisible trade
2. Favorable balance of trade and unfavorable balance of
trade
3. General trade system and special trade system
4. Volume of international trade and quantum of international
trade
5. Commodity composition of international trade
6. Geographical composition of international trade
7. Ratio of dependence on foreign trade
CHAPTER 2 CLASSICAL TRADE THEORIES
1 Mercantilism
1. The development of mercantilist thought
2. The mercantilist economic system
3. Economic policies pursued by the mercantilists
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SectionII International Trade Practice