Category: International Laws

International Trade


The Heckscher-Ohlin Theory The Heckscher-Ohlin theory explains why countries trade goods and services with each other, the emphasize being on the difference of resources between two countries. The theory presents the issue that international and interregional differences in production costs occur because of the differences in the supply of production factors. Factors of production include

International trade law

Introduction to International Trade Law

INTRODUCTION International trade is mainly concerned with the economic exchanges or trade relations occurring worldwide. International trade law includes the appropriate rules and customs for handling trade between countries or between private companies across borders. It concentrates on the challenges and prospects of global trade. International trade is basically exchange of goods, services etc. across

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