Contents 1
Unit 1 International Trade Theories 1
Unit 2 The Goals and Instruments of International Trade Policy 22
Unit 3 Modes of International Business 42
Unit 4 Transfer Pricing 60
Unit 5 The Balance of Trade Problem of the US 77
Unit 6 The Decision to Export/Import 97
Unit 7 Incoterms 116
Unit 8 Letter of Credit 129
Unit 9 Payment 146
Unit 10 International Trade Barriers 163
Unit 11 Contract and Offers 182
Unit 12 Transport and Logistics 200
Unit 13 GATT and WTO 225
Key to exercises 246