INTRODUCTION TO INTERNATIONAL TRADE RTMNU BBA SECOND SEM

Syllabus

Introduction to International Trade

UNIT-I

Introduction and Concepts of the International Trade, Domestic and International Business Comparison, Advantages and Disadvantages of Domestic Trade and International Trade Respectively, Reasons for Entering into International Trade, Modes of Entry, Concept of MNC, TNC.

UNIT-II

WTO - Structure, Functions and Roles in the Current International Business Scenario, an Overview of WTO Agreements, Concept of Trade Creation, Trade Diversion, Concept and Various Levels of International Economic Integration, PTA, FTA, Custom Union, Common Market, Economic Union, Political Union

UNIT-III

Major Regional Trade Agreements, Features of European Union, SAARC, NAFTA, ASEAN, SAFTA, Limitations of Regional Economic Integration, BRICS

UNIT-IV

International Financial Institutions – Structure, Roles, Functions of World Bank/ IMF, ADB. Financial Support Available in India –EPZs, SEZs, Future Trends in International Business, Concepts of FDI and Portfolio Investments