International+trade+theory

= __ Why do countries trade? __ =

Why do countries trade?:
 * International trade** is the exchange of goods, capital and services across international borders. In most countries, such trade represents a significant share of GDP.

The role of the World Trade Organisation:

The impact of globalisation on jobs: [|The globalisation of work and people]

** HL only: The theory of comparative and absolute advantage: **

 * Class notes:[[file:1c. HL Theory of Absolute and Com. Adv 2015.doc]]
 * Further exercises: [[file:Comp and Abs Advantage exercises.pdf]]