International trade is also a branch of economics. Traditionally, international trade is justified in economics by comparative advantage theory. New developments include in patterns of international trade: the integration of countries into trade blocs (e.g., European Union, NAFTA, EFTA, CEFTA) and globalisation.
|Table of contents|
2 Risks in international trade
Trade related concepts
Risks in international trade
The risks that exist in international trade can be divided into two major groups:
See also: OPEC, World Trade Organisation, Business, Economics, Trade bloc, List of international trade topics