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,
In this regard the policymakers found some certain Opportunities exist in the area of trade policy to adapt the international trade agenda to the changing requirements and expectations of the private sector. There are also substantial business opportunities arising in new areas, such as environmental goods and ‘green’ technologies.
This book is centralize upon understanding the fundamental conceptual foundation of International Economics and to provide concrete examples of their applications rather than an attempt to provide an encyclopaedia of terminology or anecdote. It focuses upon the behaviour of business firms under different market situations.