International Trade

Mercantilism itself is an outdated theory, one which had its origins in the establishment of European kingdoms as nation-states in the seventeenth century. Many of its assumptions were based on the...

China's trade policy, and economic policy more broadly, not only could be but has in fact been characterized as neo-mercantilist. As one economic analyst puts it, the economic regime in China has...

The best answer of the choices provided here is B. According to economic theory, countries should produce and export those goods for which they have a comparative advantage. One country (Country...

A benefit to an international business that deals in goods relates to market. While the major disadvantage of dealing with goods internationally is transportation of goods and cost of...

This is a complex question and one which requires an element of forecasting. To understand it more precisely, it is first necessary to ask what is meant by "a better trade agreement." It is clear...