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Describe how a business may use the trade theories to

1. What are the modern, firm-based international trade theories?

2. Describe how a business may use the trade theories to develop its business strategies. Use Porter's four determinants in your explanation.

3. What is the international monetary system?

4. What role do the International Monetary Fund (IMF) and the World Bank play?

5. How do the global monetary institutions impact global business?

6. What is the purpose of an international trade agreement?

7. What are typical mechanism in international trade agreements?

8. What are global and domestic problems with international trade agreements from the economic point of view?

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