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. LmS6UK6IIP4Otwhqka4mNPwBOtv3FRq7cV2Hce6nkBcl4ADhfWtP7SaYEeqDnh1Y