International Trade Theory
Explain why nations trade with each other.
Summarize the different theories explaining trade flows between nations.
Recognize why many economists believe that unrestricted free trade between nations will raise the
economic welfare of countries that participate in a free trade system.
Explain the arguments of those who maintain that government can play a proactive role in promoting
national competitive advantage in certain industries.
Understand the important implications that international trade theory holds for management practice
