Chapter organization Introduction International Labor mobility International Borrowing and Lending Direct Foreign Investment and Multinational Firms Summary Appendix: More on Intertemporal Trade
Introduction A Standard Model of Trading Economy International Transfers of Income: Shifting the RD Curve Tariffs and Export Subsidies: Simultaneous Shifts in RS and RD Summary Appendix: Representing International Equilibrium with Offer Curves
Introduction The Specific Factors Model International Trade in the Specific Factors Model Income Distribution and the Gains from Trade The Political Economy of Trade: A Preliminary View Summary Appendix: Further Details on Specific Factors
◼ 1.To learn the most commonly used instruments of payment– bill of exchange, promissory note and cheques. ◼ 2.To learn the methods of payment in international trade– remittance, collection, letter of credit and bank guarantee
