“CUET Geography Notes by Artham Resources: Chapter 9- International Trade. Explores the principles, patterns, and impacts of global trade, including trade agreements, tariffs, and economic integration.”
Content of Chapter 9 – International Trade:
- Introduction to International Trade: Definition, Importance, and Benefits
- Theories of International Trade: Comparative Advantage, Absolute Advantage, and Factor Proportions Theory
- Patterns of International Trade: Export-import Balance, Trade Surplus, and Trade Deficit
- Factors Influencing International Trade: Market Forces, Exchange Rates, and Trade Barriers
- Trade Agreements: Free Trade Agreements (FTAs), Customs Unions, and Economic Integration
- Tariffs, Quotas, and Non-Tariff Barriers: Types, Effects, and Implications
- Globalization and International Trade: Impact on Economies, Industries, and Labor Markets
- Challenges and Opportunities in International Trade: Protectionism, Trade Imbalances, and Sustainable Trade Practices
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