International Trade

The following table shows the Annual percentage change of world trade volumes and prices over years. Both the change in Exports and Imports are being represented in the table both in developing nations as well as developed nations. Summary of...

The concept of fair trade has gained substantial importance in the today’s world market. It is a kind of social movement, which is aimed at ensuring fair trade deal for the producers of less developed and developing nations. Proper working...

When a domestic government imposes a tax or duty on an imported good, it is called a tariff. The World Bank predicts that global economy would expand by $830 billion by 2015 if these trade barriers such as tariffs were...

The modern economic trends are revealing that International Trade is helping the growth of Developing Nations. The openness to international trade has been lucrative to the developing countries for rapid economic growth. The adoption of open market policies, and decline...

Imports involve transfer of goods and services from a foreign country to home country.Exports on the other hand, entail transfer of goods and services from a home country to the foreign consumers. Import export trade assumes huge importance in the...

When a country floods the market of another country with products that are sold at very low prices, it is called as ‘dumping.’ Dumping benefits the buyers but impacts a country in other ways.What is Dumping?To understand its exact meaning,...