International Trade

Paper Code: 
FSG 617
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To give exposure to the procedures and documents involved in International Trade (Export – Import) activities

Unit I: 
Globalisation & International Trade

Globalisation : Meaning, drivers of globalization, essential condition, effects and challenges.

International Trade- Concepts, Characteristics, Advantages and Disadvantages of International Trade.

Unit II: 
Theories of International Trade

Absolute cost advantage and comparative cost advantages and Heckscher-ohlin theory.

Unit III: 
Instruments of Foreign Trade Policy & Dumping

Instruments of Foreign Trade Policy- Trade Barriers- Objectives, types (Tariff and Non-Tariff)

Dumping - Kinds of dumping, its effect and Anti dumping measures.

Unit IV: 
Regional Economic Blocks

Organization, structure and Functions of SAARC, ASEAN and EU.

Unit V: 
MNC’s & India’s Foreign Trade

MNC’s: Importance, benefit and problems, MNC’s in India.

India’s Foreign Trade- Direction and Composition

Essential Readings: 

• International Business: R. Chandaran, Jaico Publishing House, Delhi
• International Economics: M.C. Vaish, Sudama Singh (Oxford and IBH Publisher)
• International Finance and Foreign Trade: S.K. Mathur (Shivam Publication, Jaipur)

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