The Nobel Laureate J.R. Hicks stressed, “If there is any branch of economic theory which is especially relevant to development economics, it is the study of international trade.” The relevant question, in this regard is why the prominent economists of all times have given so great an importance to the international trade. Similarly the international capital flows continued to take place from Europe to the U.S.A., Canada, Australia and several other regions of the world during the last three centuries. These distinguishing features are as follows: The most prominent distinguishing feature of international trade, according to classical economists, was the perfect geographical immobility of the factors of production like labour and capital among the nations. The international trade has created an acute problem of repayment of international debts. In this context, Frederic List observed, “Domestic trade is among us, international trade is between us and them.”. ECO 352 – International Trade – Spring Term 2010 SAMPLE FINAL EXAMINATION IMPORTANT INSTRUCTIONS: 1.No electronic equipment – computers, calculators, cell phones etc. In such a case, government is normally uniquely positioned in providing this service. International Trade Question Paper Test which you will find below, you can start the quiz below, it is taken from Indian Economy and all the questions are taken from economics papers like SSc exam, SSCFCI,SSCJE,SSCGD,SSCMTS,SSCCHSL,SSCCGL,SSCCPO,UPSC,CSE,UPSC,IAS,UPSC,CDS,UPSC,NDA,UPSC,IES,UPSCCAPF,UPSCSCRA,RPSC,TSPSC,TNPSC,UPPSC,HSSC,RRB NTPC,RRB ALP,RRB Group D,RRB JE, CTET,UPTET Quiz state wise exam or any exam where Gk … Their reactions to such policies may vary from resentment to retaliation. International trade is then the concept of this exchange between people or entities in two different countries. BA7401 - International Business Management - Model Exam Question Paper - Anna University Sylabus Get homework Help now! The free flow of products of industrialised countries does not permit the indigenous production of manufactural goods. Content Guidelines 2. Term Paper, Economics, International Trade, Term Paper on International Trade. Each factor of production tends to have the same price throughout the country. Chat with a representative right now for a customized, well researched and non-plagiarized paper. EXAMPLES OF RESEARCH QUESTIONS FOR THE TERM PAPER Aalto University, International Trade (31E00500), Winter 2016 These suggestions are included only to provide you ideas on possible topics. They help the government to safeguard jobs by hindering overseas competitors from selling goods at prices that are excessively low for domestic businesses to match. The most essential requirement of self-generating growth in any country is the diversification of industries. In the absence of international trade, the domestic surpluses or shortages in production invariably lead to serious deflationary and inflationary trends and consequent destabilization of the entire system. The classical assumption of perfect mobility of factors within the country and their perfect immobility among the different countries is, however, too drastic and not acceptable. In this way, the foreign trade can efficiently deal with the problems of internal inflation or deflation and ensure a greater degree of stability in prices. The different regions are engaged in the exchange of different commodities essentially because of the motive of profit or gain from trade. The transfer of technology to the less developed countries has so far taken place only to a very limited extent. No such problem exists in the domestic trade. The International Trade is a very important aspect in the positive growth of the world economy. In the case of international trade, the trading countries follow different national policies concerning imports, exports, capital inflows and outflows, tariffs, quotas, exchange controls and other barriers to the international movement of goods and services. Very often such policies are in conflict with the economic, political and strategic interests of one country or the other. This strategy assists in domestic specialisation in production and consequent expansion of export industries and other complementary industries. Therefore, the government intervention is because it needs to protect its country by limiting trade and directing investment within the nation to industries that it believes will be significant for the country in future. There are serious constraints upon direct foreign investments as well as bilateral and multilateral lending’s to the developing countries. Buy CS Strategic Management Alliances and International Trade Question Paper PDF Online. 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