Book Description

During the last few decades, the global economy has undergone rapid structural changes. With the increasing internationalisation of economic life, the study of International Economics becomes more complex due to the conjuncture of several economic, social, demographic and political factors operating both at the national and international spheres. Organized in five parts, this book captures all the recent developments in International Trade Theory in a simple, concise manner. The book provides a thorough review and analysis of the international trade and business environment, and helps students to apply this knowledge to practical aspects of doing business in international markets. A rigorous approach is used to provide students with a good understanding of the complex nature of international trade and business activities. It emphasizes the economic, geographical, and political factors that make international business significantly different from domestic business activities. The book is primarily intended as a textbook for undergraduate and post-graduate students of economics, commerce and management for their courses on international trade, foreign trade and international economics. Key Features This book helps students to • Understand the fundamental determinants of the balance of payments and exchange rates • Identify and analyse different theoretical models of international economics in light of ‘real world’ situations • Learn multidimensional perspective of the goals, operations and consequences of different trade policies • Gain an understanding of basic economic framework to analyze inter-national economic policies