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Free Trade

Rs. 1,500.00

Free Trade refers to trade policy without any tariffs, quantitative restrictions and other devices obstructing the movement of goods between countries. Jagdish Bhagwati defines free trade policy as “absence of tariffs, quotas, exchange restrictions, taxes and subsidies on production, factor use and consumption”. According to Prof Lipsey it is “A world of FREE TRADE would be one with no tariffs and no restrictions of any kind on importing or exporting. In such a world, a country would import all the commodities that it could buy from abroad at a delivered price less than the cost of producing them at home” Thus the policy of free trade means complete freedom of international trade without any restrictions on movement of goods between countries.
The case for free trade arises from the theory of comparative advantage which states that the country specializes in the production of those commodities in which it possesses greater comparative advantage or least comparative advantage. Therefore, under free trade a country specializes in the production of those commodities, which it is relatively, best suited to produce and exports them in exchange for those imports, which it can obtain more cheaply. This maximizes the output of all participating countries because all gain from trade that, in turn, increases the real national income of the world economy.
Globalization is a process which draws countries out of their insulation and makes them join the rest of the world in its march towards a new world order.
Globalization involves the increasing interaction of national economic systems- more integrated financial markets, economies and trade, higher factor mobility, access to larger markets with cheaper products, access to new innovative ideas and technology and spectacular change in the information technology leading to the spread of knowledge throughout the world.

Number of Pages of Project Report: 137
Package Includes: Project Report
Synopsis Available: No
Project Format: Document (.doc)

Table of Contents of Project Report:
1. Free Trade
- Arguments In Favour Of Free Trade
2. Globalization and Indian Economy
3. There's No Realistic Alternative to Globalization
4. Saul Has Its Wrong, Globalization is not the enemy
5. Open Up The WTO
6. Sweet And Sour Subsidies
7. This Is Free Trade?
8. Impact of Free Trade on Manufacturing and Business Outsourcing
9. We Need To Make Trade Work For The Poor
10. Make India A Manufacturing Hub
11. Why Offshore Outsourcing Is Good For The Us
12. How Globalization Helps the Poor?
13. Globalization is the Only Route Out Of Poverty
14. Trade Liberalization, Poverty and Inequality In India
15. Exports and Imports, and the External Sector
16. Conclusions of The Report Of Basanta K Pradhan
17. News on Free Trade

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