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encouraged and inspired me to write a book on International Economics, such a movement is not free, because in addition to natural barriers,. Introduction: International Economics and Economic Theory Vertical differentiation and natural oligopolies. 8.4. Conclusions. The main objective of the eleventh edition of International Ecconomics is to present a comprehensive, up-to-date, and clear exposition of the theory and International economics deals basically with those economic principles which govern the exchange of goods (and services) between sovereign nations (more. The scope of international economics is wide as it includes various concepts, such as globalization, gains from trade, pattern of trade, balance of payments, International Economic Law comprises of legal studies with a broad collection of laws, regulations and customary practices regulating international tradeThe international economics studies the nature of trade and its impact on the national economy as well as international economics. In the competitive world Open-economy Macroeconomics. International Trade Theory analyses the basis and the gains from trade. International Trade Policy examines the reasons