The heart of your business success lies in its marketing. Most aspects of your business depend on successful marketing. It will provide you with all the information you need to make an enhanced business decision.…

Dynamic gains refer to the contributions which international trade makes to the in general financial development of the trading countries. International trade results in an increase in competence and total wellbeing among consumers and producer…

A gain from trade is the capability of two agents to augment their expenditure possibilities by specializing in the good in which they have comparative advantage and trading for a good in which they do…

Trade creation: Trade creation occurs when production shifts to more efficient producers for reasons of comparative advantages, allowing consumers access to more goods at a lower price than would have been possible without integration. It…

Comparative advantage: it is a concept where Ricardo said comparative advantage stage is that a country should sell those products to other countries that it can produce most efficiently and effectively and buy those products…

Commercial diplomacy is a government service to the business community, which aims at the development of socially beneficial international business ventures. The term commercial diplomacy is frequently used to cover two types of activities: Activities…

International Monetary Fund A landmark in the history of world economic cooperation is the creation of the International Monetary Fund, briefly called IMF. The IMF was organized in 1946 and commenced operations in March 1947.…

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private…

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private…

General Agreement on Tariffs and Trade (GATT), set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. When GATT was concluded by 23 countries…