New Tendencies in Contemporary Foreign Trade Policy

What is it about?

In this research work, the author focuses on the analysis new tendencies in contemporary foreign trade policy. Accordance to the foreign trade policy theory further trade liberalization and improved framework policies would increase trade and promote growth. It must be emphasized that openness to trade is associated with higher incomes and growth and there is the need for new approaches to trade cooperation in light of the forces that are currently re-shaping international business.

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Photo by Look Up Look Down Photography on Unsplash

Photo by Look Up Look Down Photography on Unsplash

Why is it important?

What indicates the importance and innovativeness of the research is the presentation of the new models of foreign trade policy and trade interests. First of all it must underline that in the new theoretical terms in the demand for trade policy very important is factor specificity. The low specificity of factors means that factor returns are equalized throughout a region’s economy. On the other hand some factors are stuck in their present uses.

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