International Trade

The book opens with a chapter on the fundamentals of international trade in terms of global challenges (determinants of the new international trade diplomacy, the factors that influence the evolution of international trade). Then are mentioned the international trade theories - classical theories: commercialism, the theory of absolute advantage, comparative costs of production or relative advantage and modern theories: the theory of similarity between countries, the product life cycle theory, the theory of global strategic rivalry and competitive advantages theory. The last chapter presents specific aspects of regional integration processes, the evolution of economic integration processes in Europe, North America, Latin America and Africa.