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?


  1. Understand international trade.
  2. Compare and contrast different trade theories.
  3. 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
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