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This reference book deals with the theories and policies of international trade at present applied behaviour of an economy in transition like India. International Economics is always been a complex phenomenon ,the readers are firstly introduced to its basic concepts, problems, policies and tools via various theories dealt with. The readers are further made aware about the various reforms represented a move to the pragmatic centre from a situation in which markets were sacrificed with grave consequences in efficiency and growth ,to what can be described as “anti- market fundamentalism ”.Second, the another productive policy framework was also inward looking on trade and hostile to foreign direct investment{FDI},which meant that India turned away from integration into the world economy, with forgoing important gains from taking advantages of such integrations. Trading behaviour has been changed,when the financial and economic crisis has seen in the later decade of 20s,when the landscape of economic policies were desecrating and afterwards covid-19Pandemic. Both crisis were had their several different disadvantages,
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