International
Economics
Chapter 11
Norfatihah Isamail
,• Gain from International Trade
• Barriers on free trade
• Arguments for protectionism
• Structure of Balance of
Payment
• Balance of payment deficit or
surplus
• Correction of BOP deficit
, International Trade
➢ Transaction made among different
countries in the world
➢ Exchange of g & s across boundaries
(X & M)
➢ International trade plays a crucial role in
the global economy and has a significant
impact on the prosperity and
development of nations.
Economics
Chapter 11
Norfatihah Isamail
,• Gain from International Trade
• Barriers on free trade
• Arguments for protectionism
• Structure of Balance of
Payment
• Balance of payment deficit or
surplus
• Correction of BOP deficit
, International Trade
➢ Transaction made among different
countries in the world
➢ Exchange of g & s across boundaries
(X & M)
➢ International trade plays a crucial role in
the global economy and has a significant
impact on the prosperity and
development of nations.
