Ecs3702 internatio - Study guides, Study notes & Summaries

ECS3702 - International Trade SUMMARISED STUDY NOTES 2022. CHAPTER ONE WORLD TRADE AND THE NATIONAL ECONOMY International Economics It is concerned with the exchange of goods, services, factors of production and capital across national boundaries. International Trade The reasons for and the benefits/gains from international trade are no different from those associated with domestic transactions - as with domestic transactions, international transactions offer the benefits of specialisati...