Advantages and disadvantages of regional trade
Problem: What are the advantages and disadvantages of regional trade areas such as the European Union and NAFTA?
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Discuss the position of India with respect to the comparative advantage it holds in gems and jewellery, software services, and petroleum.
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Moreover, being part of a large trading bloc allows a company to take advantage of special treaties, agreements and benefits. From global perspective also, it is more benefical for long term stability of macroeconomic factors.
In recent years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
How did the economic policies of developed countries after the second world war differ from their policies after the first world war? The "policies referred to here are those which most directly affect international trade.
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