Introduction to the two possible trade policy strategies to achieve long-term goal of economic development, free trade versus protectionism.
Understand the advantages and disadvantages of the development of inward and outward development and how throughout history it has been advocated one position or another.
The example OUTSOURCING new form of international trade and validity of comparative advantage today. Identify major trade barriers interposed between economies to hinder free trade. And know the major agencies that influence trade policy.