International trade is the buying and selling of commodities across the boundaries of two or more countries.
It is in this lucid manner that this book will teach you international trade.
It clearly explains the reasons for engaging in international trade. It throws light on the merits and demerits of international trade. It points out the problems of engaging in international trade.
It analyzes the comparative advantage. It points out the limitations to comparative advantage in international trade.
It appraises the tools used for controlling international trade. They include import duties, export duties, import licence, foreign exchange control, devaluation of currency and embargo. It points out the reasons for controlling international trade.
It identifies the balance of trade and the balance of payments. It points out the methods of correcting a balance of payments deficit.
It discusses the devaluation of currency. It examines the effects of devaluation of currency.
And it explores the new international economic order. It highlights the issues involved in the new international economic order.