Lecture 08: International Trade Theories - I

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In this lecture discuss on International Trade Theories - I
  1. IIT Roorkee July 2018
  2. Prof. J. K. Nayak
  3. Professor
  4. Department of Management Studies
  5. Indian Institute of Technology Roorkee
  6. India
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00:04 International trade theories and policies discussed in detail.
04:28 International trade theories focus on comparative advantages and limitations.
08:37 Specialization in trade results in increased production efficiency
13:36 International trade theories include specialization and comparative advantage.
16:23 International trade theories and competitive advantage.
21:33 South Korea has a disadvantage in international trade
25:08 European competitive advantage in free trade theory
28:51 International trade theories focus on country advantages and limitations

wasixsunil
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Sir there should be production with specialisation instead of consumption in absolute advantage 3rd table

rocketwadotalati
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In Absolute Advantage and Gain from the trade example,
1) Please Explain: How are Production and consumption without trade numbers are coming. (Assume it is coming from allocating 100 units of resources equally among the products)
2) Suggestion: Please replace "Increase in Consumption" by "Increase in Consumption opportunity"
3) Suggestion: Please replace "Consumption with Specialization" by "Production with Specialization"

abhishekasthana
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Sir... Fantastic video ... Its Coco in pronunciation :)

abhishekasthana