International Trade Policies Understanding the Frameworks, Impacts, and Global Perspectives [Your Name] [Date]
Introduction to International Trade • Definition: Explanation of international trade and its importance in the global economy. • Key Elements: Exchange of goods, services, and capital between countries.
Importance of International Trade • Economic Growth: How trade contributes to GDP and national development. • Consumer Benefits: Access to a wider variety of goods and services. • Technological Transfer: Sharing of innovation and technology between nations.
Overview of Trade Policies • Definition: Policies regulating international trade, tariffs, quotas, and trade agreements. • Role of Government: How governments use policies to control imports and exports.
Types of Trade Policies 1. Free Trade: Minimal restrictions on trade between countries. 2. Protectionism: Use of tariffs and quotas to protect local industries.