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International Trade

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Title: International Trade

Essay Details:

Subject: Business

Author: Kathy H

Date: December 10, 2014

Level: University

Grade: A

Length: 5 / 1304

Essay text:

This optimistic view of free international trade has been challenged both from inside the body of mainstream economic theory (e.g. the optimal-tariff and infant-industry arguments) and by outsiders like dependency theorists. It has survived these critiques, albeit with some qualifications. Knowing that there are some exceptions to the rule, most economists now accept the general validity of the free-international trade principle, at least as a good rule of thumb. Consequences of international trade have incited a heated controversy among researchers. Some researchers debate the capacity of governments to govern in the globalized world...

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