Learning Objectives

In this chapter, you are expected to know more about:

·the definition of international trade and reasons for international trade;

·differences between domestic trade and international trade;

·trade protectionism;

·types of international trade. YJRMUn7ECB08w9Ekr5D6E6gB5bJRpOwTe4i6dPAboVSuyewOrNSw7c3f7L5p24M1