What Is International Trade Theory?
Read this introduction to mercantilism and the difference between classical country-based theories and modern firm-based theories. What is the historical significance of mercantilism for international trade patterns?
2.1 What Is International Trade Theory?
LEARNING OBJECTIVES
- Understand international trade.
- Compare and contrast different trade theories.
- Determine which international trade theory is most relevant today and how it continues to evolve.
Source: Saylor Academy, https://saylordotorg.github.io/text_international-business/s06-01-what-is-international-trade-th.html This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.