International Trade

The exchange of capital, goods and services, across international borders is referred to as international trade. It is a complex process that takes place between two or more nations. Various factors like currency, government policies, judicial system, economy, laws and markets have a significant influence on international trade. Global trading provides consumers and countries with exposure to new markets and products. There are various theories and models which are used to analyze and explain the factors behind international trade. A few of them are Heckscher-Ohlin model, specific factors model, Ricardian model and Adam Smith's model. This book unfolds the innovative aspects of international trade which will be crucial for the holistic understanding of the subject matter. It picks up individual branches and explains their need and contribution in the context of a growing economy. Through this book, we attempt to further enlighten the readers about the new concepts in this field.