35 International Trade

B.A Geography
Economic Geography
35 International Trade
After reading this chapter you’ll be able to understand the following:
1. Introduction
2. Understanding International Trade
3. Imports and Exports
4. Comparative Advantage
5. Other Possible Benefits of Trading Globally
6. Free Trade vs. Protectionism
a. Free Trade
b. Protectionism
7. Trade Organisations in the World
a. General Agreement on Trade and Tariff (GATT)
b. United Nations Conference on Trade and Development (UNCTAD)
c. The WTO
8. Major Trade Blocs of the world
a. EU (European Union)
b. EFTA (European Free Trade Association)
c. COMECON (Council for Mutual Economic Assistance)
d. LAFTA (Latin American Free Trade Association)
e. ASEAN (Association of South-east Asian Nations)
f. SAPTA (The South Asian Preferential Trading Agreement)
g. OPEC (Organization of Petroleum Exporting Countries)
h. Commonwealth
i. African Blocs
j. OECD (Organisation for Economic Cooperation and Development)
k. CIS (Commonwealth of Independent States)
l. APEC (Asia-Pacific Economic Cooperation)
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