FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

International Trade Theory and Practice


UNIT-I
Evolution of International Trade: Introduction, Interdependence of Countries, Internal Trade vs. International
Trade, Classical Theory of International Trade Theory of Absolute Cost, The Ricardian Theory of Comparative
Costs, Gains from International Trade, Comparative Costs Doctrine Expressed in Terms of Money, Evaluation of
the Classical Theory of International Trade, General Equilibrium Theory of International Trade, Exchange Rate
Mechanism and International Trade, A Complex Model of Ohlin, Criticisms of the Modern Theory of
International Trade, Superiority of the Modern Theory of International Trade, Porter's National Competitive
Advantage Theory, Product Life Cycle Theory.
UNIT-II
Regional Economic Groupings: Concept of Trade Barriers ,Objectives of Trade Barriers, Types of Tariff Trade
Barriers ,Types of Non-tariff Trade Barriers ,Tariff Trade Barriers vs. Non-tariff Trade Barriers, Effects of Trade
Barriers, Concept of Regional Economic Groups , Types of Regional Economic Groups , Positive Effects of
Regional Economic Groups, Negative Effects of Regional Economic Group, Major Trade Blocs ,Free trade vs.
protection, economic effects of tariff, tariff retaliation, anti-dumping/countervailing duties; export subsidies;
UNIT-III
FDI and MNCs: Concept of Multinational Corporations (MNCs), Merits of MNCs, Demerits of MNCs, MNCs in
India, Concept of Foreign Direct Investment (FDI), Role and Functions of FDI in Developing Countries, Factors
Influencing FDI, FDI Operations in India, FDI Policy in India , Make in India, Foreign Investment Promotion
Board (FIPB), Foreign Investment Promotion Council (FIPC), Indian Joint ventures abroad; Project and
consultancy exports, Policy on foreign collaborations and counter trade arrangements.
UNIT-IV
India's Foreign Trade: Introduction, Significance or Merits of Foreign Trade, Demerits of Foreign Trade, Growth
of India's Foreign Trade, Direction of India's Exports, Direction of India's Imports, Major Exports (Commodities)
of India, Major Imports (Commodities) of India, Major Exports (Services) of India India's Share in World Trade
and FTP 2015-2020, Prospects for India's Foreign Trade Development, Challenges to India's Foreign Trade
Development.