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International Economics: Role of WTO and Trading Blocs

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Trading blocs are usually groups of countries in specific regions that manage and promote trade activities. Trading blocs lead to trade liberalization (the freeing of trade from protectionist measures) and trade creation between members, since they are treated favorably in comparison to non-members. WTO’s aim is to liberalize international trade. It establishes rules regarding international trade and sees that these rules are obeyed. … It is seen that the developed countries have unfairly retained trade barriers. On the other hand, WTO rules have forced member countries to remove trade barriers. In this short course role of WTO and Trading blocs is discussed and explained in shaping the international economics.

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International economics certification course by Dr. Vijesh Jain takes you to a field of study which assesses the implications of international trade in goods and services. And it also reveals about the international investment. There are two broad sub-fields within international economics: international trade and international finance. Both international trade and international finance are highly influenced by the role and policies adopted in WTO and various Regional Economic Cooperation (REC) agreements which forms several types of Trading Blocs in this world. This course is designed to explain this role and impact of WTO and Trading Blocs on the international economics and way businesses are affected. At the end India’s status in the WTO and RECs is discussed.

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Topics covered

  1. Basis of International Economics
  2. Most popular economic theories explaining the foreign trade
  3. Porter’s / Rugman’s double diamond model
  4. Most important trading blocs in the world today
  5. Several stages of regional economic cooperation (RECs)
  6. Free trade agreements: Pros and Cons
  7. World Trade Organization
  8. World Trade Vs GDP (Production) growth under WTO
  9. Economic impact of WTO explained
  10. Impact of global trade and investments
  11. Trading Blocs trends
  12. The present state of EU trade
  13. Factors affecting regional economic cooperation (RECs)
  14. How does WTO operate and function?
  15. Objectives of WTO
  16. Popular case studies related to WTO
  17. India and International Economics
  18. Future projections of world economy in the midst of COVID 19

Name of the instructor: Dr. Vijesh Jain, IIFT alumnus, Professor

  • Highlights of the International Economics Certification Course
  • A 2 weeks self paced online course
  • Anytime anywhere pedagogy
  • Comes with eBizee quality seal
  • Verified digital certificate along with grade sheet
  • Highly researched original concepts
  • eBizee alumnus community membership (coming soon)
  • Daily learning commitments: 1 to 2 hours.

 

 

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Know more about the instructor Dr. Vijesh Jain

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