The purpose of this module is to examine the international trade and investment environment. Exploration of the oldest to the most contemporary forms of international business is undertaken. In addition the motives and methods of governments and their interventions in trade and policy are analysed.
International Trade Theory
Describe the benefits, volumes and patterns of International Trade. Explanation of Mercantilism and its inherent flaws. Detail the arguments of Absolute and Comparative Advantage. Review contemporary Trade in action.
Political Economy of Trade
Explain why governments intervene in trade. Outline the instruments that governments use to promote trade. Describe the instruments that governments use to restrict trade. Summarise the main features of the global trading system.
Foreign Direct Investment
Describe the worldwide pattern of foreign direct investment. Summarise each theory that attempts to explain why FDI occurs. Outline the important management issues in the FDI decision making process. Explain why governments intervene in FDI. Describe the policy instruments governments use to promote and restrict FDI.
Regional Economic Integration
Outline the levels of economic integration and its debate. Describe integration in Europe and its enlargement. Describe integration in the America's and its prospects. Summarise integration in Asia and elsewhere.
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