Understanding the Forces That Shape International Trade: A Practical Course (Online / Remote)
1Summary
Does one country's gain from international trade always come at another country's expense? Several early economics pioneers thought so — yet voluntary exchange, free of interventions, pressure and artificial obstacles, tends to do the opposite: it builds economic abundance and welfare for both sides. Decades of economic theory in international trade have worked through that tension and eventually settled on a fuller, clearer concept, one that accounts for the many factors — positive and negative — shaping the trading environment: the nature of economic relations between states, rates of economic parity, and what it actually takes to reach an effective foreign trade exchange that benefits every party involved, both in quantity and in quality.
Arab British Fellowship Training Academy offers this course to anyone who wants a sharper understanding of how international trade works and what shapes it.
2Objectives and target group
What you'll understand after this course:
- The factors driving international trade — from differences in production conditions to how a country specialising in one product ends up exchanging it for products made elsewhere.
- How falling production costs feed into international trade, since a drop in the average cost of certain products tends to increase trade exchange between countries.
- How buying surplus imported goods, brought on by shifting trade conditions, affects the picture, alongside the impact personal income has on whether international trade volume rises or falls.
Who should attend:
- Those planning to work in import and export.
- Students of business management schools and institutes.
- Anyone interested in e-commerce.
- Investors, office owners and capital owners.
3Course Content
Module 1: Objectives and Foundations of International Trade
- The objectives behind international trade operations.
- The foundations and principles related to international trade.
Module 2: Practical Steps, Mechanisms and the Factors That Shape Them
- The practical steps involved in international trade.
- The mechanisms and factors that influence international trade.
Module 3: Constraints and Measuring Progress in International Trade
- The constituents and constraints that limit international trade operations.
- How to assess and keep developing the different forms international trade takes.