Illustrate out the role of the WTO in the International Business.
“International theories state the bases of the International Trade” Prove the proclamation with defining any of theories of the International trade.
Illustrate out the Absolute cost advantage theory of the International Trade. How it is dissimilar from Comparative cost advantage theory.
Critically discuss the Porter’s Diamond Model in detail. How it is helpful in understanding complexities of the international trade.
Illustrate out the concept of the0 Balance of Payments. Discuss its elements. What is the significance of BoP equilibrium for the country?
Illustrate out the term Balance of Trade. How it is dissimilar from the Balance of Payment.
Illustrate out the following:
a) Fixed and Flexible Exchange Rate
b) Convertibility of Dollar